Bernstein Says Bitcoin Likely Found a Bottom as Strategy Expands Holdings
Bernstein's analysts, led by Gautam Chhugani, say Bitcoin has likely reached its trough and is set to move higher, while Strategy - the largest corporate holder of Bitcoin - has continued to build its treasury. The firm keeps a $150,000 year-end 2026 target for Bitcoin and reiterates an Outperform rating with a $450 price target on Strategy.