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Bernstein came out to reassure everyone: BTC has only dropped 54% from its peak. Historically, hitting the bottom requires a drop of 75% to 90%, so this doesn’t count as the end of the cycle yet. By the way, they’re maintaining their year-end target of $150K unchanged. Current price is just over $60K, year-end $150K. Five months, 2.4x growth. (So hurry up, sell your house, and go all-in!) But... Wall Street’s target prices are never predictions. They’re performance art after the disclaimers are written. (This post does not contain any investment advice.)
