Short News View Non-AMP

Bernstein Predicts Bitcoin Bottom at $71K

Published by
Sohrab Khawas

Bernstein analyst Gautam Chhugani believes Bitcoin’s recent low near $71,000 may mark a cycle bottom after the price dropped about 50% from its October 2025 peak. The firm highlights steady ETF inflows, rising institutional demand, and easing macro pressures as reasons for confidence and maintains a $150,000 year‑end target for 2026. Bernstein also notes Strategy’s massive Bitcoin accumulation as a sign of strong long‑term conviction, and rates its shares favorably due to their large BTC holdings and continued buying activity.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Elon Musk Unveils Terafab for Tesla and SpaceX Chips

Elon Musk announced that Tesla and SpaceX will jointly build an advanced chip plant in…

March 24, 2026

NYSE Taps BlackRock-Backed Securitize to Build 24/7 Tokenized Stock Trading Platform

Kraken and Robinhood have tokenized stocks. Hyperliquid launched an S&P 500 perpetual that did $100…

March 24, 2026

Tether Hires Big Four Firm for First Full Audit

Tether has hired a Big Four accounting firm to carry out its first full independent…

March 24, 2026

‘Biblical’ Rotation: Bitcoin Is Outperforming Gold Amid the US-Iran War

Gold's worst week in 43 years already happened. The question now is what Bitcoin does…

March 24, 2026

Gate Launches First CEX Prediction Markets with Polymarket

Gate Exchange has become the first centralized crypto exchange to integrate Polymarket, enabling users to…

March 24, 2026

TRON (TRX) Price Ready to Explode? Key Signals Suggest Breakout Ahead

TRON price is back at a level that has historically marked the beginning of major…

March 24, 2026