Bernstein lifts 2026 Bitcoin target to $150,000 after 50% drawdown call

Bernstein reiterated on March 24 that Bitcoin may have already formed a cycle low after falling 50% from its peak, arguing institutional buying is reshaping the market's typical four-year rhythm. The firm raised its 2026 price target to $150,000, citing ~30% downside correction paired with less than 5% ETF outflows and projecting a potential 2027 peak of $200,000.