Bitcoin Trades Below $70,000 with $150,000 Price Target by Bernstein Analysts

AI Summary

Bitcoin was trading below $70,000 on March 24, 2026, following more than five months of declines from its all-time high of $126,000 in October. Bernstein analysts reaffirmed a price target of $150,000 for Bitcoin by the end of 2026, suggesting the token may have reached a low point. Over the past three weeks, Bitcoin has fluctuated between $65,000 and $75,000, despite being down approximately 20% year-to-date. Additionally, Bitcoin ETFs currently hold about 6.1% of the total supply, reversing earlier outflows, while digital asset firm MSTR holds roughly 3.6% of the total supply.