Bernstein has reaffirmed its year-end price target of $150,000 for bitcoin, stating that the cryptocurrency has reached its bottom. The investment firm’s position signals confidence in a recovery for the digital asset. The call comes as institutional accumulation continues to shape market dynamics.
Strategy remains one of the most prominent corporate holders of bitcoin, having continued to add to its position. The company now holds approximately 3.6% of the total bitcoin supply, underscoring its sustained commitment to the asset. Its ongoing accumulation has made it a closely watched indicator of institutional sentiment toward bitcoin.
Bernstein’s report also highlighted developments around Strategy’s preferred equity, STRC, which is described as gaining traction among investors. The growing interest in STRC is seen as helping to ease dilution concerns that have previously weighed on the company. According to the report, this momentum is also supporting the company’s broader funding efforts.
The easing of dilution pressure is considered a meaningful development for Strategy’s financial position. By securing funding through preferred equity rather than relying solely on share issuance, the company may be better positioned to continue its bitcoin acquisition strategy. Analysts view this as a stabilizing factor for the firm’s capital structure.
Bernstein’s maintained price target reflects a broader outlook that bitcoin’s recent price weakness represents a floor rather than the beginning of a prolonged decline. The firm’s assessment ties together both macroeconomic considerations and company-level developments at Strategy. Investors and market observers are likely to watch upcoming price movements closely in light of these projections.
Originally reported by CoinDesk.
