{"id":51345,"date":"2026-03-24T08:37:32","date_gmt":"2026-03-24T13:37:32","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=51345"},"modified":"2026-03-24T08:37:36","modified_gmt":"2026-03-24T13:37:36","slug":"bernstein-predicts-bitcoin-bottomed","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/news\/bernstein-predicts-bitcoin-bottomed","title":{"rendered":"Bernstein Predicts Bitcoin Bottomed: $150K Target as Strategy (MSTR) Holds $53.5B in BTC"},"content":{"rendered":"
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Wall Street broker Bernstein says bitcoin has likely hit its bottom, reaffirming a $150,000 year-end price target as strong ETF flows and growing corporate treasury demand support a rebound. <\/p>\n\n\n\n

Analysts led by Gautam Chhugani highlighted that Strategy (MSTR), a high-beta proxy for bitcoin, remains resilient, now holding roughly 3.6% of total bitcoin supply, valued at around $53.5 billion, according<\/a> to StreetInsider.<\/p>\n\n\n\n

The firm has continued adding<\/a> to its holdings at recent lows, raising $7.3 billion in 2026 to expand its position.<\/p>\n\n\n\n

Bernstein also noted rising interest in Strategy\u2019s preferred shares, STRC<\/a>, whose structure helps limit dilution while providing steady long-term capital. <\/p>\n\n\n\n

Despite bitcoin\u2019s sharp pullback from late-2025 highs, the broker characterized the correction as a temporary reset in sentiment rather than a breakdown in fundamentals, with institutional flows and ETF demand pointing to further upside.<\/p>\n\n\n\n

Strategy\u2019s multi-billion dollar raise to buy bitcoin<\/h2>\n\n\n\n

Strategy has moved to significantly expand its capacity to raise capital through at-the-market (ATM) offerings, a step that could further support its aggressive Bitcoin treasury strategy. <\/p>\n\n\n\n

The company disclosed<\/a> on March 23 that it has added Moelis & Company, A.G.P.\/Alliance Global Partners, and StoneX Financial as new sales agents under its existing Omnibus Sales Agreement, joining a syndicate that already included major Wall Street firms such as Barclays, Morgan Stanley, TD Securities, and Cantor Fitzgerald.<\/p>\n\n\n\n

These additions give Strategy the ability to execute additional ATM programs for its Class A common stock and preferred shares, allowing the company to sell up to $21 billion of new common stock, $21 billion of STRC preferred shares, and $2.1 billion of STRK preferred shares. <\/p>\n\n\n\n

These new programs supplement existing authorizations, while the prior STRK ATM program was terminated and replaced by the new $2.1 billion offering.<\/p>\n\n\n\n

Bitcoin surged near $71,000<\/a> on Monday at the start of the week after the U.S. President Donald Trump announced a brief pause on planned strikes against Iran, only to retrace as Tehran denied talks had occurred, highlighting market sensitivity to geopolitical uncertainty. <\/p>\n\n\n\n

Iran\u2019s Foreign Ministry, via state media, denied that any talks had occurred in the form Trump described. Bitcoin still held strong. <\/p>\n\n\n\n

Despite all the volatility, BTC has risen roughly 7% since late February, outperforming traditional assets, while technicals suggest consolidation with potential moves toward $85,000\u2013$90,000 if $75,000 is breached.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bernstein, a Wall Street broker, believes Bitcoin has probably reached its bottom and maintains a $150,000 target for the end of the year.<\/p>\n","protected":false},"author":3817,"featured_media":51346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4378],"tags":[558,132,4284,5440],"class_list":{"0":"post-51345","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-bernstein","9":"tag-bitcoin-price","10":"tag-mstr","11":"tag-strategy"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/03\/150k-bitcoin-price-target-by-2026-bull.webp","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/51345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=51345"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/51345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/51346"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=51345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=51345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=51345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}