ChainCatcher reports that research and brokerage firm Bernstein believes Bitcoin has likely bottomed out and is poised for further upside, while maintaining its price target of $150,000 by 2026. Despite a 50% decline from its peak, MicroStrategy (ticker: MSTR) has demonstrated strong resilience, currently holding approximately 3.6% of Bitcoin’s total supply (around $53.5 billion). Bernstein views MSTR as a high-beta exposure to Bitcoin, with a solid balance sheet. MicroStrategy has not reduced its exposure; instead, it has continued to accumulate Bitcoin at recent lows, raising $7.3 billion through financing in 2026 to expand its holdings.
Bernstein: Bitcoin Likely Bottomed Out, Maintains $150,000 Price Target for 2026
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Summary
According to Bernstein, Bitcoin’s price today has likely found a bottom, maintaining its 2026 price forecast at $150,000. Despite a 50% decline from its peak, MSTR remains resilient, holding 3.6% of the total Bitcoin supply. Bernstein views MSTR as a high-beta investment with a stable balance sheet. The company has continued purchasing Bitcoin at recent lows, raising $7.3 billion by 2026 to expand its holdings. Bernstein’s Bitcoin price prediction remains unchanged amid ongoing accumulation.
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