$BTC Institutional transformation drives Bitcoin towards $150,000.. "Bernstein" predictions
Bernstein believes that Bitcoin has likely reached the bottom of the current downturn cycle and is poised to rise to $150,000 by the end of 2026, based on a fundamental change in its ownership structure and its gradual transition from a market reliant on individual investors to one driven by financial institutions.
The company stated that Bitcoin, which has historically been a captive of individual speculation and sharp volatility, is today more closely associated with institutional financial instruments, such as exchange-traded funds (ETFs), corporate balance sheets, and structured financing arrangements. This transformation, according to Bernstein, alters the way the currency interacts with shocks and makes downturns less disruptive compared to previous cycles.