Odaily Planet Daily News: Bernstein analysts expect that the crypto market is currently in a short-term bear cycle but anticipate a reversal in the first half of 2026. Bitcoin is expected to bottom out at the previous cycle high of around $60,000 and then establish a higher price bottom. Bernstein pointed out that the past two years have been an institutional cycle for Bitcoin, with spot Bitcoin ETF asset management reaching approximately $165 billion. Despite recent market adjustments, institutional participation remains resilient, and there has been no collapse of miner leverage as seen in previous cycles. Additionally, the establishment of the US strategic Bitcoin reserve and potential leadership changes at the Federal Reserve could position Bitcoin as a national sovereignty or reserve asset. Bernstein believes that the current weakness is a late-cycle correction rather than a long-term winter, and the reversal in 2026 will lay the foundation for Bitcoin’s most influential cycle.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETFs See $174 Million Outflows on April 1 as Ether ETFs Extend Losing Streak
On April 1, 2026, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded net outflows of $173.73 million, while Ethereum ETFs posted $7.10 million in outflows, marking a fragile start to the second quarter after a partial recovery in March.
CryptopulseElite8m ago
Michael Burry Flags Risk of $1B Precious Metals Selloff Amid Bitcoin Downturn
迈克尔·布瑞（Michael Burry）警告$1B 贵金属在比特币下跌期间可能出现的抛售风险
SuperCryptoWahaha6666615m ago
Bitcoin dips, oil rises as Trump addresses nation on war in Iran
Crude oil rose to over $100 a barrel while Bitcoin fell 2% after a national address by US President Donald Trump on the conflict in Iran, where he vowed to hit Iran "extremely hard" over the next few weeks.
Speaking at the White House on Wednesday during an address to the nation, Trump said the US
Cointelegraph20m ago
A giant whale withdrew 365 BTC from a certain CEX, and its current holdings have reached 4,238 BTC
Gate News message, on April 3, according to on-chain analyst The Data Nerd, a whale address (bc1qc) withdrew 365 BTC (about $24.2 million) from a certain CEX. The wallet currently holds a total of 4,238 BTC (about $281 million).
GateNews43m ago
UK-listed company Satsuma Technology purchased 25.65 BTC, bringing its total holdings to 645.7 BTC.
Gate News message, April 3, according to monitoring by BitcoinTreasuries.NET, the UK-listed company Satsuma Technology bought 25.65 BTC, bringing its total holdings to 645.7 BTC.
GateNews52m ago
