Just saw Bernstein's latest take on Bitcoin and they're calling we've hit the bottom. Their year-end target sits at $150,000, which honestly seems pretty bullish given where we're trading right now around $73.9K. That's a solid runway if they're right about the bottom being in. The analysts are basically saying the worst of the downturn is behind us, which tracks with some of the on-chain signals we've been seeing lately. Whether this actually plays out or not, it's interesting to see a major Wall Street shop this committed to a bullish narrative. Could be the start of more institutional confidence flowing back into the market, or could just be another analyst call that gets forgotten in a few weeks. Either way, worth keeping an eye on how Bitcoin behaves in the coming weeks to see if this bottom call holds up.

BTC-0.68%
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