Bernstein: Bitcoin has likely bottomed out, maintaining a bullish target price of $150,000 for the year

Research and brokerage firm Bernstein stated that Bitcoin has likely bottomed out and is expected to continue rising, while maintaining its price target of $150,000 by 2026.

Despite the stock price dropping 50% from its peak, Strategy (stock code: MSTR) has shown strong resilience, currently holding about 3.6% of the total Bitcoin supply (approximately $53.5 billion). Bernstein believes that MSTR is a high beta investment vehicle for Bitcoin, and its balance sheet is relatively robust. 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.

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