Bernstein, one of the centers of gravity in the financial world with a huge asset portfolio exceeding 750 billion dollars under management, published an unusual report on the stagnation in the cryptocurrency markets. The expert team led by Gautam Chhugani updated their year-end targets to 150 thousand dollars, arguing that the current bear market is one of the most resilient and weak periods in history. Despite the lack of confidence in global markets, it is emphasized that Bitcoin is not facing a structural collapse, but only a temporary liquidity pressure.
Not Systemic Collapse, Just Lack of Trust
Bernstein analysts draw a sharp distinction between past crypto winters and today’s market conditions. According to experts, unlike past cycles, there have been no large-scale bankruptcies, protocol explosions or systemic breaks that would shake the digital asset ecosystem to its core in the current period. The losses in value are defined as a loss of appetite triggered by macroeconomic uncertainties rather than a weakening of investors’ faith in the ecosystem.
Chhugani and his team, who harshly criticized the media’s pessimistic headlines such as “Bitcoin is dead”, remind that the shift in interest to artificial intelligence does not darken the future of cryptocurrencies. The fact that the risks posed by quantum computers are not a threat specific to blockchain technology only, and that all digital financial infrastructures have passed a similar test, is ignored in the news texts. According to analysis, the silence in the market actually signals that Bitcoin has come of age and entered a calmer but stable phase.
Bitcoin Will Come to the Stage When the Liquidity Taps Are Opened
The team led by Gautam Chhugani states that Bitcoin has not yet fully reached the status of a “safe haven”, but rather acts as a risky asset that is extremely sensitive to liquidity. In the current environment of tight monetary policies and rising interest rates, capital has temporarily shifted to gold and popular artificial intelligence stocks. However, this does not mean that Bitcoin is defeated by gold or deleted from the market; It is seen as merely a pause in the redirection of global cash flows.
With the inevitable signals of easing in monetary policy, corporate acquisitions and exchange-traded funds (ETFs) are expected to come into play aggressively again. The Bernstein report supports technical and fundamental data that the $150,000 target is achievable as the pressure on Bitcoin eases. The giant name of the finance world predicts that investors should focus on the period when liquidity conditions will improve and cryptocurrencies will emerge stronger from this process.
