- Bitcoin may reach $150,000 by the end of 2026, Bloomberg shared, citing Bernstein’s view.
- Merlijn the Trader said Bitcoin’s current setup resembles prior bear-trap phases.
- Strategy recently bought 1,031 BTC and raised fresh capital flexibility for more buys.
Bitcoin price is getting an upward trend following a highlight from Bloomberg, Bernstein saying that the coin might already be at a bottom. That call is important to traders, ETFs, public companies, and long-term investors, as it indicates a now less retail-infused market and a more stable institutional demand.
Meanwhile, trader Merlijn says Bitcoin could be forming a classic bear trap, with the structure holding as long as the price stays above $60,000.
Bernstein Predicts $150K Bitcoin Target
A Bloomberg post on X indicates Bitcoin has likely reached a floor and could rise to $150,000 by the end of 2026, citing Bernstein. The post frames the current cycle around a shift toward institutional ownership and financing. Bernstein says ETFs, corporate balance sheets, and structured capital are changing how Bitcoin behaves during corrections.
Bernstein adds that the market structure has matured as well. Bitcoin fell suddenly to a low of about $126,000 in October, but the liquidation has not caused that type of cascading liquidation experienced in the older cycles.
Bernstein cites long-term holders and ownership of ETFs as stabilizing factors, where approximately 60% of the supply is inactive over a period of a year, while ETFs control approximately 6.1% of the total Bitcoin supply.
Trader Sees Bear Trap Above $60K
Additionally, Merlijn the Trader X post states that all Bitcoin cycles begin with a bear trap, he compares the pattern of cycles in 2013, 2016, and 2020 to that in 2026. He added that in both scenarios panic appears first, followed by extreme expansion, and the same form may now be resembling itself.
Source: X
His chart indicates the trigger level. He said a hold above $60,000 would signal that the bear trap is complete and that expansion can begin. A break below that zone would suggest a deeper trap first.
Corporate Buying Supports Bullish Outlook
Notably, corporate demand remains a key part of Bernstein’s argument, and Strategy continues to lead that trend. We recently reported that Strategy bought 1,031 BTC for about $76.6 million at roughly $74,326 per coin. Total holdings rose to 762,099 BTC, acquired for about $57.69 billion at an average price of roughly $75,694.
Strategy also initiated new ATM programs worth a maximum of $42 billion in MSTR and STRC. The significance of that move is that it becomes easier to allocate funds, but the company has not stopped the Bitcoin accumulation model in place.
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