DeFi
February 09, 2026
Bernstein calls Bitcoin sell-off 'weakest bear case' on record, keeps $150K 2026 target
GG AI Summary
Bernstein describes the current Bitcoin sell-off as the 'weakest bear case' on record, attributing the decline to tight liquidity and macroeconomic pressures. Despite these challenges, the firm maintains a bullish price target of $150,000 for Bitcoin by 2026, indicating confidence in future recovery. The modest outflows from spot Bitcoin ETFs suggest a resilient market amidst the downturn.
Sentiment:
75%
Bullish
The research analysts pointed to tight liquidity and macro pressure as drivers of the decline, while noting that spot Bitcoin ETFs have seen relatively modest outflows.
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