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Bernstein signals end of crypto slump, reiterates bullish Bitcoin outlook.
Analysts maintain ambitious year-end Bitcoin target despite recent market volatility.
Bitcoin stabilizes after sharp decline driven by macro and market pressures.
Wall Street firm Bernstein has officially declared an end to the recent digital asset slump.
In a Tuesday (March 24) note to clients, the firm stated that Bitcoin (BTC) is ready to climb again, maintaining a massive $150,000 price target for the end of the year.
At the time of publication, Bitcoin was trading close to $70,000.
A team of analysts guided by Gautam Chhugani expressed confidence in the current market direction.
"We believe Bitcoin has found its trough and is now heading higher," the analysts wrote, as per Bloomberg.
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This positive outlook follows a difficult period for investors.
After reaching record highs in late 2025, Bitcoin suffered a steep decline of up to 45% from its peak.
Experts blamed this drop on a combination of high interest rates, geopolitical tensions in the Middle East, and investors frequently pulling money out of exchange-traded funds (ETFs).
The price drop worsened as long-term holders took profits and traders using borrowed money were forced to sell.
However, Bernstein described this crash as a temporary reset in market sentiment rather than a fundamental failure.
The analysts pointed out that the industry lacked the severe systemic panic usually seen during previous crypto downturns.
Despite the recent pullback, the digital asset continues to show strength during international crises.
Since the Iran conflict escalated at the end of February, Bitcoin has outperformed gold by 25%. The broker noted this highlights the cryptocurrency's appeal as a portable asset that resists censorship during turbulent global events.
Growing institutional demand is also pushing prices higher. Bernstein highlighted steady ETF investments and increasing numbers of banks providing financial services linked to Bitcoin.
The Wall Street broker also remains highly optimistic about Strategy (MSTR), a major corporate Bitcoin treasury guided by Executive Chairman Michael Saylor. The firm owns approximately 3.6% of the total Bitcoin supply, which carries a value of roughly $53.5 billion.
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Bernstein gives Strategy an "outperform" rating alongside a $450 price target.
The broker described the company's financial foundation as a “resilient, liquid and pressure-tested” balance sheet. During early trading, Strategy shares held steady at around $138.10.
Analysts also pointed to rising enthusiasm for STRC, the preferred investment instrument offered by Strategy.
This perpetual structure provides steady long-term capital for the company while protecting current shareholder equity from dilution.
For investors, STRC delivers an 11.5% monthly dividend alongside low price volatility. According to the Tuesday report, trading volumes for this specific asset have surged 65% over the last three months alone.
