Wall Street broker Bernstein calls bitcoin (BTC) bottom, keeps $150,000 year-end target
CoinDesk
Bernstein believes Bitcoin has found its bottom and reiterated its $150,000 year-end price target, citing ETF flows and corporate demand.Summary
Wall Street broker Bernstein stated in a Tuesday note that Bitcoin has likely found its bottom and is set for further gains, maintaining its $150,000 year-end price target. Analysts noted that despite a recent sharp pullback of up to 45% from record highs due to macro pressures like interest rates and geopolitical risk, the correction was a temporary sentiment reset, not a fundamental breakdown. Key drivers supporting their bullish view include resilient institutional demand, strong ETF flows, and increasing corporate treasury adoption. Bernstein also maintained an outperform rating on MicroStrategy (MSTR), viewing it as a high-beta proxy for Bitcoin, and highlighted growing interest in its preferred instrument, STRC.
(Source：CoinDesk)