The Currency analytics
By James Thorp
Bernstein won't budge. The investment firm's analysts just reaffirmed their wild $150,000 bitcoin target for 2026, calling the current selloff the "weakest bear case" they've…
The team thinks this downturn feels different from past crypto winters. No major exchange collapses this time. No hidden leverage bombs exploding.
Bernstein points to several factors that make them bullish despite the red candles everywhere. The political climate in America looks friendlier toward bitcoin these days.
Critics love to bash bitcoin for getting crushed while gold shines during market stress. Bernstein basically shrugs at that criticism.
The AI revolution won't kill bitcoin either. That's another worry Bernstein dismisses pretty quickly.
They think blockchains and programmable wallets could become crucial in a world full of autonomous agents needing global financial rails.
Michael Saylor jumped into this debate recently too. The MicroStrategy boss announced something called a Bitcoin Security Program, working with cyber and crypto communities on…
Corporate bitcoin holders aren't panicking either, according to Bernstein's research. Major companies structured their balance sheets to weather extended downturns.
The current selloff reflects weak sentiment, not broken fundamentals. Bernstein sticks with their $150K target for 2026.
February brought some interesting institutional moves that support Bernstein's thesis. BlackRock reportedly expanded its digital asset portfolio, though the firm didn't confirm…
MicroStrategy keeps buying the dip. Saylor's company grabbed another 1,500 bitcoins on February 5th, pushing their total holdings past 140,000 BTC.
Goldman Sachs released a note saying bitcoin integration into traditional finance keeps moving forward.
Not everyone agrees with Bernstein's rosy outlook. JP Morgan issued a skeptical note on February 8th, questioning the $150K target.
Fidelity announced plans for a new bitcoin investment fund on February 7th. The product targets institutional investors wanting crypto exposure through traditional channels.
Cathie Wood from ARK Invest remains bullish too. Speaking on February 9th, she said the current downturn doesn't shake her confidence in bitcoin's future.