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Wall Street analyst Bernstein identifies bitcoin low point, maintains $150,000 year-end price projection.
The broker anticipates a rebound in bitcoin from its recent lows, supported by ETF inflows and a growing demand from corporate treasuries.
Wall Street broker Bernstein asserts bitcoin has reached its bottom, maintaining a year-end target of $150,000. (Unsplash)
Key points:
- Bernstein stated that bitcoin has reached its lowest point and upheld its $150,000 year-end price forecast.
- The strategy continues to accumulate BTC, now holding approximately 3.6% of the supply.
- The company’s preferred equity, STRC, is gaining momentum, alleviating dilution and supporting financing, according to the report.
Bitcoin appears to have reached its lowest point and is poised for further growth, as stated by Wall Street broker Bernstein in a note to clients on Tuesday, reiterating its $150,000 year-end price target.
"We believe Bitcoin has located its trough and is now on an upward trajectory," noted analysts led by Gautam Chhugani. The largest cryptocurrency was trading around $71,000 at the time of publication.
The broker also retained its optimistic outlook on bitcoin treasury firm Strategy (MSTR), describing it as a high-beta proxy for bitcoin with a “resilient, liquid, and pressure-tested” balance sheet. The firm, guided by Executive Chairman Michael Saylor, controls roughly 3.6% of the total bitcoin supply, valued at approximately $53.5 billion.
Bernstein has assigned an outperform rating to Strategy with a price target of $450. The shares were stable in early trading, around $138.10.
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The analysts further emphasized the increasing interest in Strategy’s preferred instrument, STRC, which provides an 11.5% monthly dividend with minimal volatility.
STRC’s perpetual structure aids in reducing equity dilution while offering long-term capital, with trading volumes rising 65% over the last three months, the report highlighted.
Bitcoin’s recent downturn follows a significant surge to record highs in late 2025, with prices dropping as much as 45% from the peak amid a combination of macroeconomic and market-driven influences. Analysts attribute this to a prolonged high-interest rate environment, geopolitical risks related to the Middle East, and sporadic outflows from exchange-traded funds (ETFs) impacting risk appetite.
The unwinding of leveraged positions and profit-taking by long-term holders intensified the decline, leading to instances of forced liquidations and increased volatility.
Despite the magnitude of the correction, Bernstein analysts described the movement as a temporary sentiment reset rather than a fundamental breakdown, noting the lack of systemic stress typically observed in previous crypto downturns.
On the macroeconomic front, the analysts pointed out that bitcoin has outperformed gold by 25% since the beginning of the Iran conflict at the end of February, highlighting the cryptocurrency’s attractiveness as a portable, censorship-resistant asset during times of geopolitical tension.
Institutional interest continues to be a significant driver. The broker noted the resilience of ETF inflows and the growing involvement of banks providing bitcoin-related financial services.
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