Bitcoin (BTC) dem see for bottom, Bernstein dey target $150,000
Bernstein analysts dey talk say Bitcoin (BTC) likely don reach bottom after sharp selloff wey push market low close to $60,000, well below the previous cycle peak weh pass $126,000. For one client note wey dem release on Tuesday, dem renew their year-end BTC target of $150,000, calling the long drawdown na sentiment reset no be systemic break.
The latest update link the selloff to renewed macro and geopolitical pressure, including risk-off conditions wey follow hawkish Fed nomination theme and ETF outflows during the decline. The article still point to state-level selling and geopolitical headlines as triggers for volatility, including claims about Trump push to end US–Iran war within weeks and Bhutan wey sell over 519 BTC for about $36.7M.
For traders, the case for BTC to stabilise near $60k rest on three catalysts: (1) continued corporate accumulation through Strategy (Michael Saylor’s BTC treasury strategy/MSTR), reported at about ~3.6% of total BTC supply plus extra March buys; (2) sustained BTC ETF demand, with inflows said to come from wealth managers, pension funds, sovereign entities and other institutions; and (3) strong long-term holder behaviour, with about 60% of BTC supply inactive in wallets for over a year. If these ETF flow and spot-demand signals continue, BTC upside fit accelerate toward Bernstein’s $150,000 year-end scenario.
Bullish
Di report dey frame BTC near $60k as one inflection point and e dey support upside through concrete demand channels: steady BTC ETF inflows and continued corporate spot accumulation by Strategy. E still highlight say long-term holders dey inactive as one stabilizing factor. Even though macro risk-off and geopolitical headlines sabi fit cause volatility (including ETF outflows and state-level selling), the thesis direction na say downside likely limited if bottoming signals hold. Balance the catalysts against the mentioned headwinds, the price outlook for BTC dey skew bullish, especially for traders wey position around potential trend reversal.