Bernstein analysts reveal why Bitcoin is still heading towards $150.000

Bernstein maintains his bullish outlook for Bitcoin and explains why the current drop is more a response to a change in confidence than a structural deterioration of the market.

The recent drop in Bitcoin's price hasn't changed the positive outlook held by the investment firm Bernstein. Although the leading cryptocurrency has lost nearly 44% since its last all-time high, the company's analysts maintain that the asset's fundamentals remain strong.

According to their most recent report, Bernstein is confident that Bitcoin could reach $150.000 before the end of the year. The firm argues that the steady growth of institutional interest, coupled with the reduction in available supply, reinforces the prospects for a new bullish phase in the market.

In this regard, analysts point out that price corrections are a natural part of Bitcoin's behavior, especially in cycles following halvings. However, they emphasize that current indicators point to a healthy consolidation that could pave the way for new highs in the coming months.

Bernstein dismisses a crisis in the crypto market

In a report published This week, the team led by Gautam Chhugani described the recent price correction as “the weakest bearish scenario in Bitcoin’s history”According to the consultancy, the fall of the cryptocurrency, which hit lows close to $60.000, does not reflect a structural problem in the market, but a temporary loss of confidence among investors.

Unlike other bearish cycles, The firm clarifies that there are no signs of deep crises such as bankruptcies of large institutions or systemic failures.Rather, current market behavior is being driven by a climate of pessimism, even though overall conditions appear stronger than in previous stages.

Furthermore, Bernstein points to several positive aspects of the digital ecosystem. These include a more favorable political landscape following the election of a US president who is openly supportive of Bitcoin, the steady growth of spot Bitcoin ETFs, the increasing adoption of cryptocurrency as a store of value by businesses, and the sustained interest from large, traditional investment funds.

With these factors in play, the report highlights that the current moment differs from past cycles, which were marked by high risk and weak structures. Therefore, the consultancy emphasizes that the recent correction should not be seen as a decline in Bitcoin's importance, but rather as a natural adjustment in short-term market perception.

Bitcoin maintains its strength in the face of technological challenges

Bernstein also dedicated part of its recent analysis to the new narratives seeking to restore Bitcoin's prominence in the face of the rise of artificial intelligence (AI) and the potential risks of quantum computing. According to the firm, both issues have been exaggerated and do not currently pose a threat to the cryptocurrency ecosystem.

Furthermore, the report clarifies that the technological competition between Bitcoin and AI is more a reflection of a shift in investor focus than a genuine replacement of the digital asset. In fact, the consulting firm highlighted that advances in artificial intelligence could even benefit the Bitcoin mining sector. This is because several operators are allocating some of their energy resources to data centers linked to this technology, thus strengthening their financial position.

Regarding the possibility of forced sales by companies or miners, Bernstein maintains a calm stance. They explain that companies holding Bitcoin have structured their reserves in a way that allows them to withstand complex economic periods without having to liquidate their holdings, as is the case with Strategy. In a recent conference, the company's CEO, Michael Saylor, stated that They will not sell Bitcoin Instead, they expect to buy more units of the cryptocurrency every quarter this year and indefinitely in the coming years. Furthermore, other executives at the firm have ruled out the possibility of a restructuring of their investment strategy, despite the correction in the price of BTC. 

Finally, Bernstein highlights that cryptocurrency miners are in a stronger position than in previous downturns. Despite current profitability pressures, the incorporation of clean energy, the development of more efficient equipment, cost reductions, revenue diversification in areas such as AI, and the increased energy demand from the technology sector have improved their ability to adapt to low-price scenarios.

Bernstein maintains his optimistic forecast for Bitcoin in 2026

According to Bernstein, Bitcoin continues on a path of sustained growth driven by structural factors that transcend short-term fluctuations. The consulting firm highlights that increased institutional adoption and a more stable regulatory framework are strengthening the leading cryptocurrency's position. Accordingly, it maintains its price projection at $150.000 per BTC by the end of this year, supporting a positive view of its future behavior.

Finally, the company's analysts are observing that the market is experiencing a pause in confidence, rather than a setback in its economic model. They believe this consolidation phase could serve as the foundation for a new period of growth, driven by renewed interest from major investors and companies in the Bitcoin ecosystem, which continues to set the pace within the crypto world.