Wall Street broker Bernstein says bitcoin has likely hit its bottom, reaffirming a $150,000 year-end price target as strong ETF flows and growing corporate treasury demand support a rebound. 

Analysts led by Gautam Chhugani highlighted that Strategy (MSTR), a high-beta proxy for bitcoin, remains resilient, now holding roughly 3.6% of total bitcoin supply, valued at around $53.5 billion, according to StreetInsider.

The firm has continued adding to its holdings at recent lows, raising $7.3 billion in 2026 to expand its position.

Bernstein also noted rising interest in Strategy’s preferred shares, STRC, whose structure helps limit dilution while providing steady long-term capital. 

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