Bitcoin Reaches Highest Level in Weeks as Bernstein Keeps $150K Target

Bitcoin rose to its highest price in weeks, according to Decrypt, as analysts at financial firm Bernstein continued to stand by an “ambitious” $150,000 year-end target for the leading cryptocurrency.

The move matters because it puts Bitcoin’s rebound back alongside a major institutional forecast. For market watchers, Bernstein’s unchanged target suggests that at least some professional analysts still see room for a much larger move despite recent weakness.

Bernstein also acknowledged that Bitcoin’s retrace has been painful, a notable caveat in a market where sharp pullbacks can quickly test conviction. The firm’s position, as described by Decrypt, pairs that near-term discomfort with a continued long-term price view.

The $150,000 figure remains a forecast rather than a guarantee, and the source material does not provide a new catalyst or timing beyond the year-end target. As with any crypto market projection, readers should treat it as an analyst view rather than investment guidance.

Bitcoin remains the largest crypto asset, so shifts in its price and in analyst expectations often shape broader market attention. Bernstein’s maintained target adds another data point for readers following how traditional financial firms are framing the asset after its recent retrace.