In his new note to investors, US-based investment company Bernstein shared the opinion that Bitcoin has completed its last correction and started to trend upward again. The analyst team emphasized that they maintained their end-2025 price target for Bitcoin at $150,000.
Corporate Demand and Strategy Company is at the Forefront
Bernstein analysts did not change their positive view of the Strategy company headed by Michael Saylor. The strategy firm is known as one of the largest publicly traded companies holding Bitcoin in reserves. It was announced that the company’s portfolio contains approximately $53.5 billion worth of Bitcoin, which corresponds to 3.6 percent of the total supply.
Bernstein evaluated Strategy’s company performance based on its strong, transparent and crisis-resistant balance sheet structure for Bitcoin, which has “high volatility”. While the target share price for the company was determined as $450, it was stated that the current share price remained at $138.10.
Another issue highlighted was the growing interest in Strategy’s primary tool, known as STRC. STRC continued to attract investors with its low volatility advantage while offering a high monthly dividend of 11.5 percent. Thanks to the infinite maturity structure of the financial instrument in question, the company’s equity capital dilution can be reduced and long-term resource provision can be provided. There has been a 65 percent increase in STRC’s transaction volume in the last three months.
Latest Correction and Market Dynamics in Bitcoin
Bitcoin came to the fore with a sharp retreat after experiencing a rapid rise to record levels during the year. There was a decrease of nearly 45 percent from the peak level. While macroeconomic conditions and market movements were effective in this process, expectations that interest rates would remain high for a long time and geopolitical risks in the Middle East limited the risk appetite in the market.
Outflows from investment funds, unwinding of leveraged positions and profit taking by long-term investors increased the downward pressure. These developments increased volatility by triggering large liquidations from time to time. However, Bernstein analysts evaluated that the current correction rather led to a temporary renewal in investor psychology, and that there was no significant deterioration in Bitcoin’s fundamental indicators. Unlike previous market declines, it was observed that there was no systemic stress in this process.
Analysts summarized the picture in their notes with the statement: “Our general outlook for Bitcoin remains positive; the withdrawal should be considered as a temporary correction in market sentiment.”
The report stated that Bitcoin has recently performed 25 percent better compared to gold, following the developments regarding Iran at the end of February. This chart revealed that Bitcoin maintains its importance as a portable and censorship-resistant asset in times of increased geopolitical troubles.
Analysts pointed out that institutions’ demand for Bitcoin remains strong. In addition to continued inflows into exchange-traded funds, it has been reported that more and more banks are starting to offer financial services connected to Bitcoin.
