Bernstein analysts remain bullish on Bitcoin price, maintaining their bullish outlook for the end of the year. Analysts say Bitcoin is officially market bottom reachedThe price is around $60,000, the lowest since hitting an all-time high above $126,000 in October 2026. if this is true BTC bear market extends It’s over and the market is heading upward from here.
Bernstein confirms Bitcoin price bottom and next target
In a note to clients on Tuesday, Bernstein analysts said: Year-end target price: $150,000 For Bitcoin. Their reiteration of this optimistic outlook comes as the world’s largest cryptocurrency faces major headwinds in the ongoing bear market.
The recent Bitcoin price It fell below $70,000 again. Amid increasing geopolitical uncertainty and increasing selling pressure at the national level. Market volatility has resurfaced due to President Donald Trump’s hard-line response. End the US-Iran War Within a few weeks, the Bhutanese government sold Over 519 BTC for approximately $36.7 million.
Despite this downward trend dragging the price down, Bernstein analysts believe Bitcoin could see a slow but steady recovery ahead, followed by a rebound toward new all-time highs. This is not the first time such a prediction has been made. In early January they said: BTC has reached a price bottom of $80,000. You may be on your way to reaching your $150,000 goal.
Importantly, analysts reaffirmed in a recent note that the Bitcoin price has officially reached the market bottom this cycle. This comes after the cryptocurrency plummeted from $90,000 to $90,000. $60,000 in early FebruaryIt is the lowest since the cycle peaked last year. This price floor is approximately 47% below the cryptocurrency’s all-time high.
Key factors, including hawks, triggered this collapse. Kevin Warsh Named FED Chairman A risk-off sell-off in the cryptocurrency market was triggered by Trump in January 2026. Moreover, the market at that time recorded a large outflow of Bitcoin. Exchange Traded Fund (ETF) It’s worth billions of dollars. Tensions in the Middle East are increasing, oil shockIt also fueled BTC’s decline to its price bottom of $60,000.
Why I Believe BTC Could Reach $150,000 This Year
Three major bullish catalysts are driving Bernstein’s bullish Bitcoin forecast for this cycle. The first is ongoing corporate accumulation by business intelligence firms and the BTC Treasury Strategy (MSTR). Notably, Strategy continued to purchase Bitcoin despite continued volatility and falling prices. The company currently holds 3.6% of the total supply of Bitcoin, worth about $53.5 billion. Recently purchased 1,031 BTC In March of this year, it was traded for $76.6 million.
Another key reason Bernstein believes BTC could hit a new ATH this year is because of ETFs. The firm’s analysts suggest that ETF inflows may remain strong despite market volatility, which could continue to fuel demand for BTC. Over the past week, Bitcoin ETFs have already attracted significant inflows.This is primarily driven by asset managers, pension funds, government agencies and other major institutional investors.
The last reason mentioned is the strong confidence of long-term BTC holders. In particular, 60% of the total supply of Bitcoin is maintained I have had my wallet inactive for over a year. This behavior reflects long-term holding as investors continue to view cryptocurrencies as a strategic allocation and store of value.
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