Bernstein Confirms Bitcoin Bottom, Maintains $150,000 Price Target For 2026

With Bitcoin (BTC) costs experiencing a major restoration this week, analysts are more and more optimistic in regards to the potential for additional rallies. Notably, Gautam Chhugani from Bernstein has declared that the underside for Bitcoin has already been reached at $80,000, signaling a promising outlook for the digital asset.

New Bull Run Expected

In a latest note, Chhugani and his staff expressed “cheap confidence” that each Bitcoin and the broader digital asset markets have discovered their backside. 

Concerns that the latest October peak, which surpassed $126,000, represented absolutely the top of a historic four-year cycle for BTC are seen as exaggerated by Bernstein. The agency underscores an ongoing “digital belongings revolution” that’s more likely to lengthen the present bull market.

“We imagine the market’s apprehension in direction of the four-year cycle sample is unfounded given the present market context,” the analysts famous, highlighting that institutional demand is a major driver of adoption within the digital asset house. 

Considering the momentum, Bernstein has revised its forecasts, projecting that Bitcoin will obtain $150,000 by 2026 and attain $200,000 by 2027.

Is Bitcoin Preparing For A ‘Post-Bear Market Surge’?

Market skilled MartyParty has echoed these predictions, asserting that Bitcoin and different blue-chip cryptocurrencies are influenced closely by liquidity, which is managed by the Federal Reserve (Fed) and the Treasury. 

MartyParty famous that each BTC peak has traditionally coincided with quantitative easing (QE), whereas every backside aligns with quantitative tightening (QT). 

With the Fed ending its QT section on December 1 after beginning it within the wake of COVID-19 in 2022, and with QE kicking off on January 1, 2026, he believes {that a} new bull market has commenced.

Featured picture from DALL-E, chart from TradingView.com