Despite Bitcoin (BTC) kicking off 2026 with a remarkable surge past the $90,000 mark, it continues to grapple with the lingering effects of a downward trend that initiated in October.
As Bitcoin faces challenges in breaking through significant resistance levels, both optimistic and pessimistic forecasts are surfacing. The latest insights come from Bernstein.
Bernstein, a well-known entity on Wall Street, has suggested that Bitcoin and other cryptocurrencies may have reached their lowest point after the anticipated declines at the end of 2025.
The analysts also predict an impending wave of tokenization that could revolutionize financial systems.
According to Coindesk’s reports, Bernstein’s analysts foresee a ‘supercycle’ in tokenization for 2026 that will include stablecoins as well as capital and prediction markets.
Gautam Chhugani, an analyst specializing in global digital assets at Bernstein who previously forecasted Bitcoin’s bottoming out, remarked, “We believe Bitcoin and the wider digital asset market have hit their lowest levels.”
The firm noted that this supercycle scenario is prolonging the bullish phase and reiterated its price targets of $150,000 for Bitcoin by 2026 and $200,000 by 2027.
*This should not be considered investment advice.