Bernstein reiterated a bullish view of bitcoin, calling the current bitcoin price downturn “weak” and they reiterated a $150,000 price target by the end of 2026.
Bitcoin hovered near $92,000 as analysts, including Bernstein, pointed to improving technical and macro signals suggesting the cryptocurrency has likely bottomed after a steep fourth-quarter sell-off and may be positioned for a rebound.
Bernstein analysts predict corporations could pour $330 billion into Bitcoin within five years, inspired by Strategy’s bold strategy under Executive Chairman Michael Saylor.
Wall Street firm Bernstein made a bold $1 million Bitcoin price prediction by 2033, touting unprecedented demand and constraints on supply in a new report.