TLDR
- Bernstein confirms Bitcoin has bottomed around $70,000 following recent corrections
- Investment firm projects $150,000 Bitcoin valuation by 2026
- Strategy’s portfolio reaches 762,099 BTC with 86,000 coins added in recent months
- Company’s STRC preferred shares enable ongoing Bitcoin acquisition
- Bitcoin ETFs maintain $90B in assets with consistent capital inflows
Analysts at Bernstein believe Bitcoin has established its cyclical bottom, supported by sustained institutional interest and significant corporate buying activity in the cryptocurrency market.
The firm highlights Strategy’s persistent Bitcoin accumulation strategy as a clear indicator that major institutional participants remain committed despite recent market fluctuations.
Bernstein Declares Bitcoin Has Established Market Bottom
According to Bernstein’s research team, Bitcoin appears to have established a firm bottom following its descent from approximately $126,000 to lows near $63,000. The cryptocurrency has subsequently stabilized around $70,000, which the firm views as a foundational level for future appreciation.
BITCOIN BOTTOM IN, $MSTR HOLDS STRONG
Bernstein says Bitcoin has likely bottomed and is set to rise, keeping a $150K price target for 2026.
Despite a 50% drop from its peak, Strategy (MSTR) has remained resilient, now holding 3.6% of total Bitcoin supply (~$53.5B). The firm…
— *Walter Bloomberg (@DeItaone) March 24, 2026
The analysts forecast Bitcoin climbing to $150,000 before 2026 concludes, representing more than double its current trading range. Unlike previous market downturns, this correction occurred without major exchange collapses or broader systemic failures that characterized earlier bear markets.
“Our analysis indicates Bitcoin has established its trough and is positioned for upward movement,” according to the research note.
Strategy Intensifies Bitcoin Acquisition Through Market Volatility
Strategy has persisted with its Bitcoin buying program throughout recent market weakness, adding roughly 86,000 BTC to its treasury year-to-date.
The corporation currently controls 762,099 Bitcoin, solidifying its status as the world’s largest institutional Bitcoin holder. According to analysts, the company is tracking toward its second-largest quarterly Bitcoin acquisition since initiating its accumulation strategy in 2020.
These purchases have continued despite Bitcoin declining approximately 20% from year-opening levels. Strategy’s methodology emphasizes growing its Bitcoin-per-share ratio while preserving access to various funding sources.
STRC Preferred Securities Enable Ongoing Accumulation
Bernstein’s analysis highlighted Strategy’s STRC preferred shares as a crucial mechanism facilitating continuous Bitcoin acquisitions. The dividend-bearing security enables capital raising without excessive reliance on common equity offerings.
This financial architecture minimizes shareholder dilution while facilitating steady Bitcoin purchases across varying market environments. Michael Saylor has characterized this product as appropriate for diverse investor profiles seeking Bitcoin-correlated investment opportunities.
Analysts emphasized that STRC represents a vital financing tool supporting the company’s balance sheet expansion strategy.
Institutional Investment and ETF Growth Reinforce Market Foundation
The research also examined spot Bitcoin exchange-traded funds’ expansion as a stabilizing market force. Bitcoin ETFs in the United States have accumulated over $56 billion in net inflows and currently manage approximately $90 billion in total assets.
Capital continues flowing into these vehicles despite market turbulence, demonstrating persistent institutional commitment. The analysts concluded this development represents a significant improvement in market infrastructure versus previous cycles.
“Strategy functions as Bitcoin’s institutional buyer of last resort while ETFs channel increasingly stable capital sources,” the research team observed.
