Bernstein, a leading asset management firm on Wall Street, has published a noteworthy assessment of Bitcoin. The company stated that the Bitcoin price has largely bottomed out and maintains its year-end target of $150,000.
According to Bernstein analysts, despite recent volatility, Bitcoin’s downward movement is largely considered complete. This view has strengthened expectations that a new uptrend may begin in the markets.
The report also included Strategy, one of the largest institutional Bitcoin investors. Although the company’s shares have fallen by approximately 50 percent compared to their peak levels, Bernstein noted that Strategy maintains its financially sound structure.
Analysts have described Strategy as a “high-beta” investment vehicle with high sensitivity to Bitcoin. They noted that the company follows a strategy of buying more BTC instead of reducing positions during market downturns. In this context, it was stated that Strategy has increased its Bitcoin holdings by raising approximately $7.3 billion this year alone.
It was also emphasized that the company holds approximately 3.6% of the total Bitcoin supply. This makes Strategy a significant player in the cryptocurrency market.
Experts say that institutional investors maintaining their long-term positions indicates continued confidence in Bitcoin and is considered a positive signal in terms of price expectations.
*This is not investment advice.
