Bitcoin has likely reached a floor and could rise to $150,000 by the end of 2026, according to Bernstein, which argues the cryptocurrency is being reshaped by a steady shift toward institutional ownership and financing.
The Wall Street firm says a transition from a market once dominated by retail speculation to one increasingly anchored by exchange-traded funds, corporate balance sheets and structured capital is altering how Bitcoin behaves. And it’s making downturns less disorderly and potentially extending the current cycle.