The post Bernstein Predicts Bitcoin Bottom at $71K appeared first on Coinpedia Fintech News
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.