Bernstein Reiterates Bullish Outlook on Bitcoin Amid Market Correction

Bitcoin's price has been affected by the broader selloff in the crypto market, declining by about 1% over the past week. However, research firm Bernstein remains optimistic about the cryptocurrency's long-term prospects.

The firm projects that Bitcoin could reach $150,000 by the end of 2026, citing historical trends that show corrections are often followed by renewed growth. Analysts note that each cycle has been marked by intense fear and volatility, but ultimately, these periods have paved the way for major rallies.