Bernstein Holds Firm on $150K Bitcoin Target Amid Market Turmoil

Despite the ongoing market volatility, investment firm Bernstein remains optimistic about Bitcoin's prospects, maintaining its $150,000 year-end target. The firm argues that the current selloff is a result of weak sentiment rather than a structural breakdown in the market.

The analysis suggests that the recent decline has not led to exchange collapses, hidden insolvency, or forced industry-wide deleveraging, which are often associated with past crypto bear markets. Instead, Bernstein sees it as a confidence shock that can be overcome with institutional demand and ETF flows.