Bernstein’s Bold Bitcoin Bet: $150K-$200K Target Signals Extended Crypto Bull Run

Wall Street research giant Bernstein doubles down on Bitcoin's explosive potential—projecting a staggering $150,000 to $200,000 price target as institutional adoption accelerates.

The Halving Effect

Supply constraints from April's halving event continue fueling Bitcoin's scarcity narrative while ETF inflows smash records weekly. Mining operations consolidate as smaller players get squeezed out—classic bull market behavior.

Institutional Tsunami

BlackRock's IBIT and Fidelity's FBTC now hold more BTC than MicroStrategy. Pension funds and sovereign wealth funds quietly accumulate positions while retail investors still fret about regulatory headlines.

Macro Tailwinds

Rate cut expectations and dollar weakness create perfect conditions for hard assets. Bitcoin's correlation with gold hits all-time highs as both benefit from fiscal irresponsibility—because apparently printing trillions has consequences.

Technical Breakout

The king crypto shattered its previous all-time high with conviction, leaving no resistance until six figures. Shorts get liquidated daily while long-term holders refuse to sell at any price below six digits.

Traditional finance finally understands what crypto natives knew for years—except they'll take 20% management fees for the privilege of learning.