Bernstein Stands Firm on Bitcoin's Bullish Trajectory

Investment firm Bernstein continues to express strong conviction in Bitcoin's long-term potential, as its analysts reaffirmed a substantial $150,000 price target for the cryptocurrency, expected to be reached by 2026. In their assessment, the current market downturn for Bitcoin is not indicative of deep-seated issues but rather reflects a temporary 'crisis of confidence' among investors. The firm stated that this period represents the 'weakest bitcoin bear case in history,' suggesting that underlying fundamentals remain robust despite short-term fluctuations.