Bernstein Calls Bitcoin Bottom And Issues $150,000 Price Target

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CryptoProwl

Tue, March 24, 2026 astatine 8:40 AM CDT 1 min read

Bernstein Calls Bitcoin Bottom And Issues $150,000 Price Target

Wall Street brokerage Bernstein has issued a bullish caller telephone connected Bitcoin (CRYPTO: $BTC).

Analysts astatine Bernstein person called a bottommost for Bitcoin are forecasting that the largest cryptocurrency by marketplace capitalization volition beryllium trading astatine $150,000 U.S. by year’s end.

“We judge Bitcoin has recovered its trough and is present heading higher,” wrote expert Gautam Chhugani successful a enactment to clients.

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Bitcoin is presently trading astatine $71,000 U.S. and has struggled to interruption supra $75,000 U.S. successful caller months.

Nevertheless, Bernstein says that it is assured that the “crypto winter” that has wounded prices for integer assets successful caller months is present coming to an end.

While acknowledging that Bitcoin’s terms has fallen astir 50% since past October, Chhugani says that the diminution is simply a impermanent setback for the crypto market.

The analysts besides enactment that the unwinding of leveraged positions and profit-taking by semipermanent holders accelerated the diminution successful cryptocurrencies, triggering forced liquidations and adding to volatility.

However, Chhugani says those forced liquidations are present coming to an end. He besides notes that Bitcoin has outperformed golden by 25% since the onset of the Iran warfare connected Feb. 28.

The Bernstein expert says this shows the cryptocurrency's entreaty arsenic a harmless haven plus during periods of geopolitical turmoil.

Lastly, Chhugani notes that organization request for crypto is returning and that information from banks offering Bitcoin-related fiscal services and funds should assistance boost BTC’s price.

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