The Daily: Bernstein reaffirms $150K price target citing ‘weakest bitcoin bear case in history,’ Strategy buys another 1,142 BTC, and more
The Block
Bernstein reaffirmed Bitcoin's $150K target, Strategy bought more BTC, and Tether plans significant hiring.Summary
Bernstein analysts reiterated their $150,000 Bitcoin price target for 2026, arguing the current drawdown represents the "weakest bear case in history" due to institutional adoption and the lack of typical market failure catalysts. Meanwhile, Michael Saylor's Strategy purchased an additional 1,142 BTC for about $90 million, bringing its total holdings to 714,644 BTC, though the treasury value remains below cost. In other news, Tether plans to hire 150 new staff over the next 18 months to support global expansion, and Crypto.com CEO Kris Marszalek acquired the AI.com domain for approximately $70 million in crypto.
(Source：The Block)