As many analysts are slashing their 2026 worth targets for Bitcoin (CRYPTO: BTC), one high Wall Street funding agency is just not. According to Bernstein, Bitcoin may nonetheless hit $150,000 by the tip of the yr.
Clearly, a lot wants to go proper for Bitcoin for that to occur. However the world’s high cryptocurrency is able to hovering in worth by 120% this yr. This is why.
The place to make investments $1,000 proper now? Our analyst staff simply revealed what they consider are the 10 finest shares to purchase proper now, while you be part of Inventory Advisor. See the stocks »
All through its historical past, Bitcoin has skilled a variety of boom-and-bust cycles. Usually, three years of increase are adopted by one yr of bust. Virtually like clockwork, the worth of Bitcoin collapses by greater than 50% each 4 years. It occurred in 2014, 2018, and 2022. And it now appears to be like like it’s taking place in 2026. That helps to clarify why market sentiment is so low on Bitcoin proper now.
However Bernstein sees it otherwise. According to the agency, that is the “weakest bear case in historical past.” Throughout earlier crypto collapses, there have been insolvencies, bankruptcies, spectacular failures, and blow-ups. None of that has occurred in 2026.
That is why Bernstein describes the present state of affairs as a “disaster of confidence,” and nothing extra. And, to a giant diploma, the numbers bear this out. For instance, the Crypto Fear & Greed Index not too long ago dipped beneath 10 (out of a potential 100), indicating wide-scale panic out there. As soon as the index strikes out of “excessive worry” territory (a studying of 20 or increased), Bitcoin may soar in worth.
Institutional adoption of Bitcoin stays on observe. Massive asset managers and institutional traders proceed to add Bitcoin to their portfolios. Massive Wall Street corporations proceed to push out new Bitcoin-related merchandise. Internet inflows have returned to the spot Bitcoin ETFs. And Bitcoin treasury corporations proceed to purchase Bitcoin (albeit at a scaled-back fee).
All this means that the core funding thesis for Bitcoin stays legitimate. Now could be no time to quit on Bitcoin, which has been the top-performing asset on this planet for a lot of the previous decade. It has routinely delivered triple-digit returns, and the worth of Bitcoin has grown exponentially over the previous 15 years.
It’s additionally plain that Bitcoin has misplaced a few of its luster as “digital gold.” Simply 12 months in the past, hedge fund managers have been extolling the virtues of Bitcoin as a potential safe-haven asset. Some even in contrast it to gold as a long-term retailer of worth.











