Bernstein: Bitcoin May Have Hit Cyclical Bottom, Maintains $150,000 Target Price by End of 2026

BTC-1,01%

Gate News Report, March 24: According to CoinDesk, Wall Street broker Bernstein stated in a recent report that Bitcoin may have reached a cyclical bottom and maintained a price target of $150,000 by the end of 2026. The report noted that the previous pullback was mainly influenced by a high-interest-rate environment, Middle Eastern geopolitical risks, and phased ETF outflows, but overall fundamentals did not show systemic pressure. Additionally, continuous ETF inflows and increased corporate treasury holdings are still seen as key factors driving Bitcoin’s rise.

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