Bernstein analysts maintained the outlook for Bitcoin at $150,000 by the end of 2026, calling the current 54% correction from October’s peak "soft" compared to historical drops of 75-90%. The experts noted that bear phases usually lasted 12-15 months, whereas the current run lasts about three quarters, indicating market maturity.

Fundamental support is provided by capital flows: net inflows through corporate treasuries and spot ETFs have amounted to ~$10 billion since the beginning of the year, despite outflows of $5.5 billion from funds. Strategy remains the main buyer, acquiring ~175,000 BTC (~$14 billion) in 2026. The company’s debt burden is about 13% of its Bitcoin portfolio, and liquidity is sufficient to service liabilities for more than 17 months.

K33 specialists pointed out a historical signal: more than 50% of the Bitcoin offer is now in loss. In previous cycles, similar values preceded the formation of the bottom within 2-4 weeks. Additional confirmations: price return to 200-week moving average, RSI at minimum since November 2018 and fear and greed index at 8 ("extreme fear"). Long-term holders control a record ~79% of supply, which K33 sees as a sign of continued demand. The $60,000 zone can serve as a benchmark for saving.

***

The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.