Bernstein Analysts Say Bitcoin Price Has Bottomed, Here’s Where It’s Headed
Bernstein analysts stay bullish on Bitcoin’s worth, sustaining their year-end optimistic outlook. The analysts have confirmed that Bitcoin has formally reached its market bottom, with its worth at round $60,000, the bottom since its all-time high above $126,000 in October 2026. If that is true, it might imply the prolonged BTC bear market has ended, and the market is heading upwards from right here.
Bernstein Confirms Bitcoin Price Bottom And Next Target
In a Tuesday be aware to purchasers, Bernstein analysts doubled down on their year-end price target of $150,000 for Bitcoin. Their reiteration of this bullish outlook comes because the world’s largest cryptocurrency faces main headwinds in its ongoing bear market.
Recently, the Bitcoin worth dropped below $70,000 once again amid elevated geopolitical uncertainty and state-level promoting stress. Market volatility resurfaced after President Donald Trump pushed to end the US-Iran war inside weeks, and the Bhutan authorities sold greater than 519 BTC for roughly $36.7 million.
Despite these bearish developments pushing the worth decrease, Bernstein analysts imagine that Bitcoin’s transfer from right here on out could possibly be a sluggish however regular restoration, adopted by a rebound towards a brand new all-time high. This isn’t the primary time they’ve made such a prediction. Earlier in January, they acknowledged that BTC had hit a price floor at $80,000 and is perhaps on its strategy to a $150,000 goal.
Importantly, the analysts confirmed once more of their current be aware that the Bitcoin worth has formally reached its market backside this cycle. This comes after the cryptocurrency plunged from $90,000 to $60,000 in early February, marking its lowest stage since its cycle high final 12 months. This worth ground can also be roughly 47% beneath the cryptocurrency’s all-time high ranges.
Major components had fueled this crash, together with the hawkish FED Chair nomination of Kevin Warsh by Trump in January 2026, which triggered a risk-off sell-off within the crypto market. Moreover, on the time, the market had recorded huge outflows in Bitcoin Exchange-Traded Funds (ETFs) price billions of {dollars}. Heightened tensions within the Middle East, in addition to the oil shock, had additionally fueled BTC’s decline to this claimed $60,000 worth backside.
Why They Believe BTC Could Hit $150,000 This Year
Three main bullish catalysts are driving Bernstein’s optimistic Bitcoin prediction this cycle. The first is the continual company accumulation by the enterprise intelligence firm and BTC treasury Strategy (MSTR). Notably, Strategy has continued to purchase Bitcoin regardless of its ongoing volatility and declining worth motion. The agency now holds 3.6% of Bitcoin’s whole provide, valued at roughly $53.5 billion, after its latest purchase of 1,031 BTC for $76.6 million this March.
Another main purpose Bernstein believes BTC might hit a brand new ATH this 12 months is attributed to its ETF. Analysts on the agency recommend that ETF inflows might stay robust regardless of market volatility, thereby persevering with to extend demand for BTC. Over the previous week, Bitcoin ETFs have already attracted significant inflows, pushed largely by wealth managers, pension funds, sovereign entities, and different main institutional buyers.
The ultimate purpose talked about is the robust conviction of long-term BTC holders. Notably, 60% of Bitcoin’s whole provide has been held by inactive wallets for greater than 1 12 months. This habits displays long-term holding as buyers proceed to see the cryptocurrency as a strategic allocation and a retailer of worth.