Bernstein: Still maintains Bitcoin year-end target of $150k

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Jinse Finance reported on July 7 that although Bitcoin's price has fallen about 54% from its peak near $125k in October 2025, Bernstein still maintains its year-end target of $150k. Bernstein believes that this correction is significantly smaller than the typical 75% to 90% declines seen at the end of historical cycles, indicating that market structure has undergone certain changes.
Against the backdrop of current low market sentiment, the clear target price given by Wall Street can provide a price anchor for the market, while the historical pullback framework helps traders assess risk. If this cycle aligns with historical trends, the market may still decline further, but institutional judgment on subsequent recovery remains worth noting.
The firm pointed out that the previous high near $125k in October 2025 remains an important reference resistance level; based on a historical 75% pullback calculation, the corresponding price would be around $31k, which can be considered a key failure zone. Going forward, focus will be on whether Bitcoin spot ETF flows and spot demand recover, as these are important signals for determining when the market enters a recovery phase.
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