RT matthew sigel, recovering CFA (@matthew_sigel)Bernstein: "In view of recent market correction, we believe, the Bitcoin cycle has broken the 4-year pattern (cycle peaking every 4 years) and is now in an elongated bull-cycle with more sticky institutional buying offsetting any retail panic selling.Despite a ~30% Bitcoin correction, we have seen less than 5% outflows via ETFs. We are moving our 2026E Bitcoin price target to $150,000, with the cycle potentially peaking in 2027E at $200,000. Our long term 203 ...

The strategy is simple: Bitcoin's long-term outlook looks stronger than short-term prices suggest. Regulators also keep moving forward. Beyond U.S. spot ETF approvals, Hong Kong and European jurisdictions launched regulated Bitcoin products through 2024 and 2025. Secure storage systems for institutions from Coinbase Prime, Fidelity Digital Assets, and BitGo now handle billions in assets. These solutions solve the security concerns that kept institutions sidelined during earlier cycles.Institutions usually b ...