Bernstein says Bitcoin bottom is in, reaffirms $150K year-end target
Bernstein analysts believe Bitcoin has reached its lowest point and predict it will reach $150,000 by year-end, despite a recent 50% price drop.Summary
Bernstein, the research and brokerage unit of AllianceBernstein, asserts that Bitcoin has likely hit its cycle low and maintains a $150,000 year-end price target. This prediction follows a significant drawdown where Bitcoin lost half its value from its October 2025 peak. The firm’s analysis, led by Gautam Chhugani, points to the absence of systemic breakdowns – such as exchange collapses or major corporate failures – during the recent downturn, unlike previous bear markets. US spot Bitcoin ETFs have demonstrated resilience with over $56 billion in net inflows and four consecutive weeks of inflows exceeding $2 billion in March 2026. Furthermore, corporate accumulation of Bitcoin, particularly by Strategy (formerly MicroStrategy), continues to grow, with public companies holding over one million Bitcoin. Bernstein also highlights Bitcoin’s outperformance against gold during recent geopolitical tensions, suggesting its role as a store of value. Finally, a significant portion of the circulating supply is now held by long-term participants, reducing the potential for forced selling.
(Source：Crypto Briefing)