‘Any signs of life?’ Bernstein holds ‘ambitious’ $150K year-end bitcoin target despite 54% drawdown
The Block·
60-second summary
Bernstein analysts hold an "ambitious" $150K year-end target for bitcoin despite a 54% drawdown, suggesting the current downturn is milder than past cycles. They believe this drawdown is less severe than the 2013 and 2018 declines, implying a potential rebound. Market sentiment remains cautious, but Bernstein's optimism could boost investor confidence.
Bernstein says bitcoin's 54% drawdown is milder than past cycles, retaining its "ambitious" $150K year-end target.