Bitcoin’s down 54% from its peak. Bernstein doesn’t care. The research firm is holding its “ambitious” year-end target of $150,000.
The logic? This drawdown is actually milder than past cycles. Bitcoin’s seen worse — and recovered. Bernstein says the current pullback is within normal range for a BTC bear phase.
It’s a bold call. Bitcoin at $150K would mean roughly 2.5x from current levels in six months. The firm acknowledges the target is aggressive but isn’t backing off.
The broader market’s been brutal. We’ve seen exchange selling, macroeconomic uncertainty, and a lot of shaken confidence. But Bernstein argues the structural story hasn’t changed. Institutional adoption, supply constraints from the halving, and growing mainstream integration all still point up — eventually.
Whether it hits $150K by December is anyone’s guess. But the firm’s willingness to hold the line says something about how they see the cycle playing out.
