Bernstein Reiterates Bitcoin Target Price of $150,000 by 2026, Calling Current Downturn the 'Weakest Bear Market Logic' in History

Odaily News Research and brokerage firm Bernstein reiterated its long-term bullish view on Bitcoin in its latest research report, maintaining its year-end 2026 Bitcoin target price of $150,000. The analyst team pointed out that the current pullback has not shaken Bitcoin's core investment thesis; instead, it constitutes the "weakest bear market argument" in its history.

Bernstein stated that the current price weakness stems more from fluctuations in market sentiment rather than systemic issues. The report noted that the major failures, hidden leverage, or systemic collapses common in past bear markets have not materialized. Institutional participation, the adoption of spot Bitcoin ETFs, corporate treasury allocations, and the continued involvement of large asset management institutions all indicate significant differences between this cycle and previous ones. (The Block)