Bernstein Analysts Predict Bitcoin Price Could Hit New All-Time High

Bitcoin's price has been experiencing significant fluctuations in recent months, but according to Bernstein analysts, the cryptocurrency has officially reached its market bottom at around $60,000. This comes after the price plummeted from $90,000 to $60,000 in early February.

The analysts maintain their year-end optimistic outlook for Bitcoin's price, predicting it could hit a new all-time high of $150,000 this year. They attribute this prediction to three major bullish catalysts: continuous corporate accumulation, strong ETF inflows, and the conviction of long-term BTC holders.