Bernstein Sees Bitcoin Bottom Near $60,000
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 15h ago- Market Correction Phase: Bernstein analysts indicate that the cryptocurrency market is currently in a short-term bear cycle, expecting a full reversal in the first half of 2026, with Bitcoin nearing a market floor around $60,000, suggesting that this drawdown is a structural correction rather than the onset of a prolonged downturn.
- Bitcoin Price Dynamics: Bitcoin has fallen approximately 40% from its all-time high of $126,000 in October 2025; despite the significant drop, analysts believe the market dynamics differ materially from past 'crypto winter' periods, as leverage unwinds and profit-taking have largely played out, leaving limited downside risk.
- Tokenization Supercycle: Bernstein anticipates that 2026 will mark the beginning of a 'tokenization supercycle,' primarily driven by stablecoins and real-world asset tokenization, estimating that the total on-chain value locked in tokenized assets could double to around $80 billion, reflecting broader institutional adoption and expanding use cases in traditional financial markets.
- Policy Changes Impact: Analysts highlight potential U.S. policy developments as major catalysts for the next phase of the market cycle, including the establishment of a strategic Bitcoin reserve and changes in Federal Reserve leadership, both of which could materially influence liquidity conditions and institutional positioning.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
