I just saw that Bernstein analysts remain quite bullish on Bitcoin. They say it has already bottomed out and are confident that we are heading upward. The price is around 74k now, so the correction in recent months seems to have been more of a temporary adjustment than anything else. The interesting thing is that while the market was scared, Strategy continued accumulating BTC, now holding almost 3.6% of the total supply. That kind of institutional movement is what gives me confidence that this is not the end of the cycle.

What caught my attention the most is that they maintain the target of 150k by the end of the year, even after the drop. It’s not a crazy prediction if you consider that we are still in a market with strong institutional demand. Bitcoin ETFs continue to attract money, and that’s a sign that the big players weren’t too scared. Anything could happen by the end of the year, but for now, the fundamentals don’t look broken.