Bernstein Analysts Say Bitcoin Price Has Bottomed, Here’s Where It’s Headed
Bernstein analysts remain bullish on Bitcoin’s price, maintaining their year-end optimistic outlook. The analysts have confirmed that Bitcoin has officially reached its market bottom, with its price at around $60,000, the lowest since its all-time high above $126,000 in October 2026. If this is true, it could mean the prolonged BTC bear market has ended, […]
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Bernstein analysts led by Gautam Chugani say Bitcoin (BTC) may have already found its floor with the 50% retrace witnessed since last October, and the firm is sticking with its ambitious price target of $150,000 by the end of 2026 for the cryptocurrency. The firm argued that the market’s changing structure—shifting from retail-driven speculation to […]
Bernstein analysts have reiterated that Bitcoin could still rally to $150,000 this year. These experts noted that BTC was experiencing what they described as the “worst bear case” in its history, suggesting that this bear market may not be as deep as previous cycles. Bernstein Predicts Bitcoin Rally To $150,000 By Year-End Bernstein analysts, led […]
Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge. Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts foresaw BTC hitting $150,000 earlier in May. At the time, the analysts disclosed that they anticipated about $70 billion in inflows from Spot Bitcoin ETFs between 2024....
Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed even as it continues to attempt a recovery above $70,000. His analysis also aligns with predictions from analysts such as Doctor Profit, who predict that BTC could still drop to $40,000. Analyst Explains Why Bitcoin Price Hasn’t Bottomed In an X post, Leshka noted that the Bitcoin price has never bottomed after a drawdown of just 47%. He further remarked that every bear market in history saw at least 78% drawdown from the top. BTC notably saw drawdowns of around 87%; 84%; and 73% in 2013, 2017, and....
Coinbase (COIN), the largest cryptocurrency exchange in the US, has experienced a significant decline in its stock valuation, dropping nearly 40% from its peak of $444 in July to its current trading level of around $271 per share. This, amid market fluctuations and heightened volatility in the broader crypto market, impacting the exchange’s stock performance. Bernstein Forecasts New Bullish Phase For Coinbase Despite these challenges, analysts at Bernstein hold an optimistic outlook on Coinbase’s stock price, suggesting a potential new bullish phase that could propel COIN to....