Bernstein: Bitcoin is likely to have hit bottom and remains bullish for the year to its target price of $150,000

Research and brokerage firm Bernstein said Bitcoin has likely hit bottom and is expected to continue to rise while maintaining its price target of reaching $150,000 in 2026. Despite a 50% drop in its share price from its high, Strategy (ticker: MSTR) has shown strong resilience and currently holds approximately 3.6% of the total Bitcoin supply (approximately $53.5 billion). Bernstein believes that MSTR is a high-beta investment target in Bitcoin and its balance sheet is relatively solid. Strategy did not reduce its exposure, but continued to increase its position in Bitcoin at recent lows, raising US$7.3 billion through financing in 2026 to expand its positions.