Bernstein Confirms Bitcoin Bottom, Maintains $150,000 Price Target For 2026

bitcoinistPublished on 2026-01-07Last updated on 2026-01-07

Abstract

Bernstein analysts, led by Gautam Chhugani, confirm that Bitcoin has bottomed at $80,000 and express strong confidence in a new bull run. They dismiss concerns that the recent peak above $126,000 was the cycle's top, attributing the ongoing rally to an institutional-driven "digital assets revolution." The firm has raised its price targets, forecasting Bitcoin to reach $150,000 by 2026 and $200,000 by 2027. This outlook is supported by market expert MartyParty, who links Bitcoin's cycles to Federal Reserve policy, noting that the end of quantitative tightening and the anticipated start of quantitative easing in 2026 signal the beginning of a new bull market.

With Bitcoin (BTC) prices experiencing a significant recovery this week, analysts are increasingly optimistic about the potential for further rallies. Notably, Gautam Chhugani from Bernstein has declared that the bottom for Bitcoin has already been reached at $80,000, signaling a promising outlook for the digital asset.

New Bull Run Expected

In a recent note, Chhugani and his team expressed “reasonable confidence” that both Bitcoin and the broader digital asset markets have found their bottom.

Concerns that the recent October peak, which surpassed $126,000, represented the absolute height of a historical four-year cycle for BTC are viewed as exaggerated by Bernstein. The firm underscores an ongoing “digital assets revolution” that is likely to prolong the current bull market.

“We believe the market’s apprehension towards the four-year cycle pattern is unfounded given the current market context,” the analysts noted, highlighting that institutional demand is a significant driver of adoption in the digital asset space.

Considering the momentum, Bernstein has revised its forecasts, projecting that Bitcoin will achieve $150,000 by 2026 and reach $200,000 by 2027.

Is Bitcoin Preparing For A ‘Post-Bear Market Surge’?

Market expert MartyParty has echoed these predictions, asserting that Bitcoin and other blue-chip cryptocurrencies are influenced heavily by liquidity, which is controlled by the Federal Reserve (Fed) and the Treasury.

MartyParty noted that every BTC peak has historically coincided with quantitative easing (QE), while each bottom aligns with quantitative tightening (QT).

With the Fed ending its QT phase on December 1 after starting it in the wake of COVID-19 in 2022, and with QE kicking off on January 1, 2026, he believes that a new bull market has commenced.

The daily chart shows BTC’s attempt to consolidate above $92,000. Source: BTCUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

Related Questions

QWhat is Bernstein's price target for Bitcoin by 2026 and who is the analyst mentioned?

ABernstein's price target for Bitcoin by 2026 is $150,000, and the analyst mentioned is Gautam Chhugani.

QAccording to Bernstein, what is the bottom price that Bitcoin has already reached?

AAccording to Bernstein, the bottom price that Bitcoin has already reached is $80,000.

QWhat two major factors does MartyParty cite as heavily influencing Bitcoin and blue-chip cryptocurrency prices?

AMartyParty cites liquidity, which is controlled by the Federal Reserve (Fed) and the Treasury, as the major factors influencing prices.

QHow does MartyParty link the Federal Reserve's monetary policy to Bitcoin's market cycles?

AMartyParty links Bitcoin's peaks to periods of quantitative easing (QE) and its bottoms to periods of quantitative tightening (QT) by the Federal Reserve.

QWhat specific dates does the article mention for the end of the Fed's QT and the start of a new QE phase?

AThe article mentions that the Fed ended its QT phase on December 1 and will kick off a new QE phase on January 1, 2026.

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