On March 24th, Bernstein analyst Gautam Chhugani released a report setting the target price for BTC at $150,000 by the end of 2026, and predicting that the peak of this bull market cycle will reach $200,000 in 2027. Bernstein's report is more of a mid- to long-term signal rather than a short-term catalyst—it will reinforce the belief among institutions and long-term investors that the "bottom is in," helping to reduce panic selling. However, expecting this report to immediately drive a significant price surge is unrealistic.