Bernstein: Bitcoin Has Likely Bottomed, Maintains Year-End Bullish Target of $150,000

Golden Finance reports that on March 24, Bernstein Research and Brokerage firm stated that Bitcoin is likely to have bottomed out and is expected to continue rising, while maintaining its target price of $150,000 by 2026. Despite a 50% decline from its peak, Strategy (stock code: MSTR) has shown strong resilience and currently holds about 3.6% of the total Bitcoin supply (approximately $53.5 billion).

Bernstein believes that MSTR is a high-beta investment in Bitcoin, and its balance sheet is also relatively solid. Strategy has not reduced its exposure; instead, it has continued to increase its Bitcoin holdings at recent lows, raising $7.3 billion through financing in 2026 to expand its position.