Bitcoin and Broader Crypto Markets ‘Have Bottomed,’ Bernstein Analysts Say
By Ines Ferré, Senior Business Reporter
Updated January 7, 2026
Bitcoin (BTC) maintained a price above $92,000 early Wednesday amid renewed optimism sparked by recent market momentum, suggesting the brutal sell-off in the fourth quarter of 2025 may have ended. According to analysts at Bernstein, the bottom for Bitcoin and the broader cryptocurrency markets has likely already been reached.
In a note published Tuesday, analyst Gautam Chhugani and his team expressed confidence that Bitcoin and digital assets found a floor at around $80,000 in late November 2025. This view challenges concerns that the October peak near $126,000 signaled the end of this historic four-year cycle for Bitcoin.
Bernstein’s analysts argue these worries are overstated, pointing instead to what they describe as a "digital assets revolution" that is extending the cryptocurrency bull run. They highlight institutional demand as a key driver behind the increasing adoption of crypto, which in their assessment, lessens the traditional significance of cyclical price patterns.
"As we have highlighted earlier, we believe the market concern on the 4-year cycle pattern is unwarranted in the current market context, where institutional demand is driving adoption," Bernstein wrote.
Looking ahead, Bernstein reiterated its optimistic forecasts for Bitcoin, projecting that it will reach $150,000 in 2026 and $200,000 in 2027. Despite a 6% decline for Bitcoin in 2025, the year was still viewed positively by Chhugani, who noted continued progress and resilience within the crypto ecosystem. This sentiment bolsters investor confidence amid lingering volatility in digital asset markets.
With Bitcoin stabilizing above key support levels and institutional interest growing, the cryptocurrency industry appears poised for continued growth, according to Bernstein’s latest analysis.
Read more: How to navigate a crypto meltdown: ‘Be willing to hold on’
Related market data: BTC-USD at $89,173.89 as of 5:09 PM UTC, down 0.83%.
Disclaimer: Cryptocurrency investments carry risk and can fluctuate widely. Investors should conduct their own research or consult financial advisors prior to trading.