Bernstein crie « Le Bitcoin a atteint son plancher » ! Réaffirme l'objectif de prix de 150 000 dollars à la fin de l'année : c'est le marché baissier le plus faible de l'histoire

Wall Street’s renowned investment bank Bernstein released a report on Tuesday (24th) confirming: Bitcoin has bottomed out! Despite a 45% retracement caused by high interest rates and geopolitical volatility, Bernstein remains firmly committed to a year-end price forecast of $150,000. The report notes that the market currently lacks the “systemic pressure” typical of past bear markets, and institutional demand along with financing tools from Bitcoin treasury company Strategy (MSTR) are providing strong support.
(Background: Institutions now control 14% of Bitcoin supply! Bernstein praises MicroStrategy as “the last Bitcoin central bank,” with BTC’s capital base transformed)
(Additional context: Bernstein: The four-year cycle of Bitcoin has ended! The institutional era begins an “extended bull market,” with BTC reaching $200,000 in 2027)

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• Reaffirm $150,000 target: retracement is merely a “sentiment reset”
• Strategy (MSTR) rated “Outperform,” target price $450
• Institutional demand is the core driver of the rebound

After multiple shocks in the crypto market, Wall Street investment bank Bernstein offers an extremely optimistic outlook. In a client briefing released on Tuesday, a team led by analyst Gautam Chhugani clearly states: “We believe Bitcoin has found its bottom and is now ready to rally.”

Reaffirm $150,000 target: retracement is merely a “sentiment reset”

After reaching a historic high at the end of 2025, Bitcoin fell by 45% due to high interest rates, Middle Eastern geopolitical risks, and ETF capital outflows. Despite the significant decline, Bernstein emphasizes that this is fundamentally different from past crypto winter:

• No systemic pressure: The current correction did not involve the collapse of institutions or systemic financial risks typical of previous downturns.
• Leverage unwinding: The decline mainly resulted from long-term holders taking profits and forced liquidation of leveraged positions.
• Safe-haven resilience: Since the Iran conflict erupted at the end of February, Bitcoin’s performance has outperformed gold by 25%, highlighting its unique appeal as an “anti-censorship asset.”

Strategy (MSTR) rated “Outperform,” target price $450

Beyond Bitcoin itself, Bernstein remains highly optimistic about Strategy, which holds about 3.6% of the global supply (worth approximately $53.5 billion), viewing it as a high-beta proxy for Bitcoin:

Analysts specifically highlight Strategy’s preferred stock instrument STRC. This perpetual structure reduces equity dilution and provides long-term capital support. Its low volatility and high dividend yield are driving rapid demand for STRC in the market.

Institutional demand is the core driver of the rebound

Looking ahead, Bernstein believes institutional demand remains the key to driving prices higher. Besides resilient ETF capital flows, more banks are beginning to offer Bitcoin-related financial services, which will provide the necessary liquidity to push Bitcoin toward $150,000.

“Bitcoin has already reached its trough and is now heading toward higher targets.”