Bernstein Calls Bitcoin Crash A ‘Crisis Of Confidence,’ Maintains $150,000 Target

Despite a sharp decline in Bitcoin (BTC) prices since last October, analysts at Bernstein argue that the current downturn does not resemble a traditional crypto bear market.  In a note to clients released on Monday, the firm described the pullback as “the weakest Bitcoin bear case in its history,” even as the asset has fallen about 44% from its all‑time highs in current trading. Bernstein Defends Bitcoin’s Fundamentals The analysis was led by Bernstein’s Gautam Chhugani, who said the recent sell‑off reflects a loss of confidence rather than deeper structural problems.  The analysts emphasized that Bitcoin’s core fundamentals remain intact and that the decline should not be mistaken for a systemic breakdown. Bernstein reaffirmed its long‑term outlook, maintaining a $1...