en.bitcoinsistemi.com
Bitcoin and altcoins experienced a major crash last week. While the $BTC price fell as low as $60,000, Bernstein analysts assessed the recent decline.
According to The Block, Bernstein analysts said the recent decline was exaggerated and that their year-end target of $150,000 remains valid.
$150,000 Valid for Bitcoin ($BTC)!
Bernstein analysts have described the recent Bitcoin drop as one of the weakest bear market declines in its history.
At this point, it was stated that the recent decline was a temporary crisis of confidence rather than a structural breakdown.
Bernstein stated that Bitcoin is in a bear market, but unlike past bear markets, the current market does not have systemic flaws such as major corporate bankruptcies or the collapse of hidden leverage.
“What we’re seeing is the weakest bear market scenario in Bitcoin history. This type of correction doesn’t undermine the long-term adoption trend or investment thesis.”
Bernstein, addressing the recent concerns, acknowledged that the threat from quantum technology is a common challenge for all global digital systems.
Bernstein noted that the current cycle is distinctly different from past cycles, pointing to the pro-Bitcoin sentiment in the US, the spread of spot Bitcoin ETF infrastructure, the increased inclusion of Bitcoin in institutional treasury strategies, and the continued involvement of large asset managers as bullish catalysts.
Citing these factors, Bernstein reiterated his target of $150,000 for Bitcoin in 2026.
Analysts recently stated that the risk of forced selling has significantly decreased, arguing that the recent correction has not negatively impacted Bitcoin’s long-term trajectory.
*This is not investment advice.