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Bernstein analyst says “bitcoin bear case is the weakest in its history,” maintains $150,000 price target
Bitcoin regained some ground over the weekend, pushing past $72,000, but dropped back below $70,000 on Monday morning. The asset is down over 3% in the past 24 hours. Last week, was a bloodbath for bitcoin that saw it drop to the $63,000 level, its lowest price since October 2024. Yet even as crypto investors remain rattled and cautious, Bernstein analyst Gautam Chhugani reiterated his $150,000 bitcoin price target for 2026, saying in a February 9 note that what we’re experiencing is “the weakest bitcoin bear case in its history.” Chhugani said that the current bitcoin price action “is a mere crisis of ... (full story)
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From tradersunion.com | Feb 9, 2026
Bernstein has reaffirmed its $150,000 Bitcoin price target, calling the recent decline the “weakest bear market scenario in history,” even as some traders warn that Bitcoin could fall to $50,000. So who should investors believe? Bernstein analysts said the latest Bitcoin sell-off reflects a “self-inflicted confidence crisis” rather than structural damage, ...
From finance.yahoo.com | Feb 9, 2026
Bitcoin (BTC-USD) hovered near $70,000 on Monday after last week's sharp sell-off and subsequent rebound. The cryptocurrency is down roughly 44% from its all-time high north of $126,000 set last October, when forced liquidations and whale sales triggered a crypto winter. Selling intensified last week when the token saw its worst daily drop since November ...
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