Bernstein: Bitcoin has likely bottomed out, maintaining a bullish target price of $150,000 for the year.
TechFlame
2026-03-24 12:25
TechFlame2026-03-24 12:25
English
TechFlame News: According to research and brokerage firm Bernstein, Bitcoin has likely bottomed out and is poised to continue its upward trajectory, while maintaining its price target of $150,000 by 2026. Despite a 50% decline from its peak, MicroStrategy (ticker: MSTR) has demonstrated strong resilience and currently holds approximately 3.6% of Bitcoin's total supply (around $53.5 billion). Bernstein views MSTR as a high-beta investment vehicle for Bitcoin, coupled with a relatively solid balance sheet. Rather than reducing its exposure, MicroStrategy has continued to accumulate Bitcoin at recent lows, raising $7.3 billion in financing in 2026 to expand its holdings.