Bernstein Says Bitcoin Looks Bottomed, Sees 226% Upside for Strategy
The Block
Bernstein analysts believe bitcoin has bottomed out and predict a 226% upside for Strategy, citing the company's strategic pivot to perpetual preferred instruments.Summary
Analysts at Bernstein have issued a bullish outlook on bitcoin and Strategy, asserting that bitcoin has reached its bottom and that Strategy could see a 226% increase in value. This assessment is based on Strategy’s shift towards perpetual preferred instruments, which reduces its reliance on short-term bitcoin price fluctuations. The firm highlights Strategy’s substantial bitcoin holdings and ongoing acquisitions during the downturn, positioning it as a ‘bitcoin central bank of last resort.’ Bernstein maintains a $450 price target for Strategy and forecasts a year-end 2026 bitcoin price of $150,000, with a potential peak of $200,000 in 2027.
(Source：The Block)