Bernstein maintains $150K Bitcoin target after correction

Bernstein keeps its $150,000 Bitcoin target for 2026, citing strong institutional flows, ETF inflows, and a maturing, resilient market despite recent corrections.

Bernstein has reaffirmed its forecast that Bitcoin could reach $150,000 by the end of 2026, despite the possibility of a correction of up to 50% from its projected October 2025 peak. Analysts led by Gautam Chhugani suggest that Bitcoin may have already found the bottom of the current cycle, with the asset trading near $70,000 after dipping to around $62,500 in February. The report highlights significant changes in market structure, including increased institutional participation and over $56 billion in net ETF inflows since 2024. Notably, about 60% of Bitcoin’s supply has remained inactive for more than a year, indicating strong holding sentiment. Publicly listed companies, such as Strategy, have also raised their exposure, now holding approximately 3.6% of the total Bitcoin supply. The STRC instrument, offering an 11.5% monthly dividend and low volatility, has seen trading volumes surge by 65% in three months. Bernstein concludes that the recent price drop has not altered Bitcoin’s fundamentals, emphasizing a more mature and resilient market with reduced volatility.