Bernstein said It Would Be Attractive Opportunity Before 200 Thousand for Bitcoin to Reach This Price! - Coin Bulletin

Bernstein maintains its $200,000 target for Bitcoin, seeing the current correction as a buying opportunity.

Bernstein maintains Bitcoin (BTC) price target at $200,000 within 12 months while considering the current market correction as a new investment opportunity.

In Bernstein's market analysis note, it was stated that the price of Bitcoin falling below $80,000 could provide an attractive entry point for investors. Analysts emphasized that the current correction is temporary and did not change their expectations for Bitcoin's ongoing bull cycle.

The statement is made that if market sensitivity continues to weaken, price levels below $80,000 will offer an attractive risk-return ratio for investors looking to take positions toward new cycle peaks in the next 12-18 months.

In the research note, the current price pullback was described as “another opportunity to join this cycle” and they reiterated their positive outlook on Bitcoin's market structure. Bernstein analysts used the sentence “We believe that institutional and corporate treasury entries will continue to accelerate throughout the cycle,”.

Analysts predict that Bitcoin has not yet reached the cycle peak and that the price could approach $200,000 within the next 12 months. Bernstein stated that their long-term projections are based on a simple thesis, "A rapidly growing 'digital gold' asset class supported by accelerating institutional and sovereign demand,".

However, Bernstein noted that Bitcoin market follows a broader stock market risk sensitivity and that macro concerns about sustained high interest rates are driving the market. Analysts used the expression “The government's fear of pursuing a deflationary policy with the DOGE program is effective in the markets,”.

Additionally, they also drew attention to increasing concerns about artificial intelligence capital expenditures due to negative data center reports related to hyperscale cloud providers in recent times.

"We see Bitcoin as an asset that oscillates between high-beta U.S. tech stock** trading and gold in short-term trading," Bernstein said, noting that Bitcoin has a two-way nature in trading dynamics.