Bernstein: Bitcoin Bull Market Cycle to Lengthen, Institutional Capital and Stablecoin Demand Drive Uptrend

Odaily Planet Daily News Bernstein stated in a research report that the cryptocurrency market is currently showing signs of fundamental strengthening. Analysts pointed out that Bitcoin has formed a bottom near $60,000 and is moving towards the $80,000 mark. Institutional capital inflows, MicroStrategy's continuous accumulation of Bitcoin through STRC products, and the deep integration of blockchain and financial infrastructure together constitute an asymmetric upside potential.

Bernstein emphasized that new distribution channels from Morgan Stanley's Bitcoin ETF and Charles Schwab's spot trading platform have broadened participation. Approximately 60% of the current Bitcoin supply has not moved within a year, and institutional demand is strengthening its holding base. Additionally, stablecoin supply has reached a historical high of $300 billion, and its payment and settlement demand has decoupled from market sentiment. The tokenized real-world asset sector has grown 110% year-over-year, reaching a scale of $345 billion. Although quantum computing poses a long-term risk, analysts believe the industry has ample time for a secure transition.