đš BREAKING: Bernstein Says Recent BTC Sell-Off = Crisis of Confidence â NOT Breakdown of Fundamentals đ€đ
Analysts at Bernstein are signaling that the recent Bitcoin price pullback isnât due to technical or fundamental failures in the network â but rather a crisis of confidence among traders and institutions.
Importantly, Bernstein has reaffirmed its Bitcoin price target of $150,000 by end of 2026 â underscoring their long-term belief in BTCâs structural value despite short-term volatility.
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đ§ Key Takeaways
đ„ 1) Selloff = Sentiment, Not Structural Failure
According to Bernstein, recent corrective price action in Bitcoin reflects:
â Shifts in trader/investor confidence
â Macro risk aversion
â Rotation in and out of risk assets
âŠbut NOT a breakdown of Bitcoin fundamentals (hash rate, security, adoption).
That distinction matters:
Fundamentals = strong â price sentiment = temporary.
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đ 2) $150,000 BTC Target Still Intact
Bernstein reiterated that they still expect:
⥠BTC to reach ~$150,000 by end of 2026
This is a long-term structural forecast rooted in adoption, macro hedging demand, and limited supply â despite near-term fear.
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đ§© 3) What This Means for Traders & Investors
â Short-term pain â long-term failure
â Institutions are navigating caution, not capitulation
â Smart money often rides dips â not exits
Volatility happens when confidence wavers â but the long narrative remains intact if fundamentals hold.
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đ Why This Matters to Markets
đ BTC Has Strong Fundamentals:
âą Network security (hash rate) is robust
âą Institutional pipeline still exists
âą Monetary scarcity intact
đ Selloffs Are Liquidity/Confidence Shocks:
Not structural cracks â traders sell, not unwinding BTC for lack of belief.
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đŁ Bernstein says the recent BTC selloff was a confidence dip, not a structural breakdown. đ
And theyâre still calling $150K BTC by end of 2026.đ„