Major Wall Street brokers are making noteworthy comments. They see the bottom of Bitcoin as being close.

Looking at recent market conditions, cautious optimism is beginning to spread even among institutional investors. Especially, these kinds of statements from Wall Street provide a calm perspective that differs from traditional bullish sentiment.

Barnstein has set a target of $150k by the end of the year. This is a quite aggressive outlook considering the current price range. However, it’s important to note that this prediction is based not just on optimism but on technical analysis indicating a bottoming signal.

Bitcoin’s price movements have shaken many investors over the past few months. However, the fact that major brokers are now pointing out a bottom suggests the market may be moving into the next phase.

Whether Wall Street’s view will prove accurate or not, the fact that such bullish targets are being presented by large institutions at this timing indicates a shift in market sentiment. Many people following Bitcoin-related movements on Gate are likely watching this trend closely, and it’s worth paying attention to these developments.