US EditionBitcoin Price News: BTC Climbs Above $70,000 as Bernstein Makes Bull Case
Bernstein analyst Gautam Chhugani says structural support from long-term holders and easing liquidations weaken bitcoin's bear case despite recent volatility.
- On February 9, Bernstein analyst Gautam Chhugani reiterated a $150,000 bitcoin target for 2026 and called the recent downturn `the weakest bitcoin bear case in its history`.
- Last week bitcoin plunged to the $63,000 level, its lowest since October 2024, while long-term holders show dense accumulation in the low-$60Ks, forming key structural support.
- CoinGlass data shows a sharp fall in liquidations to $344 million over 24 hours from $2.42 billion on February 6, bitcoin ETFs had $318 million outflows last week, and CoinDesk noted mining difficulty dropped as miners capitulated.
- Monday's session showed risk assets in the green, with the Nasdaq up 1% and the S&P 500 up 0.5%, while crypto equities led gains including Bullish and Galaxy Digital.
- Market structure shows a supply battleground with downside near the low-$60,000s and heavy resistance near $80,000, while 9.3 million bitcoin are underwater at the $70,000 price level.
13 Articles
13 Articles
Analysts At Leading Wealth Manager Predict Bitcoin’s 2026 Price, And It’s Very Bullish
Bernstein analysts have reiterated that Bitcoin could still rally to $150,000 this year. These experts noted that BTC was experiencing what they described as the “worst bear case” in its history, suggesting that this bear market may not be as deep as previous cycles. Bernstein Predicts Bitcoin Rally To $150,000 By Year-End Bernstein analysts, led by Guatam Chhugani, have maintained that Bitcoin could still reach $150,000 by year-end despite its…
Bitcoin Price Clings to $70,000 After Rout as Bernstein Sticks With $150,000 Call
Bitcoin hovered near $70,000 in New York trading Monday after rebounding from a low of $61,000 last week. Bernstein’s Gautam Chhugani called the sell-off a “crisis of confidence” and kept a $150,000 target. Traders monitored spot ETF flows and miner data for signs of stability. Bitcoin is down about 44% from its October 2025 high above $126,000. The post Bitcoin Price Clings to $70,000 After Rout as Bernstein Sticks With $150,000 Call appeared f…
Bernstein: Bitcoin’s Decline Not a Bear Market, Maintains $150K Target
Bitcoin’s recent price decline, while significant, does not signal a traditional crypto bear market, according to analysts at Bernstein. In a note to clients released on Monday, the firm described the current pullback as “the weakest Bitcoin bear case in its history,” despite the asset having fallen about 44% from its all-time highs. Bernstein’s analysis, led by Gautam Chhugani… Source
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