Bitcoin had reached a high of $97,000 in mid-January this year, never to see the yearly high again. It plunged straight to the $60,000 zone in February, trading between $62,000 and $75,000 on and off. BTC experienced a correction in June, and its price is now at $63,000. Even leading institutional giant BlackRock is on a BTC selling spree and has offloaded $527.8 million last month.

Despite the ongoing price downturn and sell-offs, leading private wealth management firm Bernstein wrote in a note to clients on Monday (June 8) that Bitcoin could still reach a high of $150,000 this year in 2026. The investment bank remains highly bullish on BTC, estimating that it could more than double in price in the next six months. The forecast comes when the broader market is bearish on the world’s biggest cryptocurrency.

Also Read: AI Stocks Are Falling: Should I Buy Nvidia Stock Now?

Why Bernstein Says Bitcoin Will Reach $150,000 in 2026

Bernstein researchers wrote in a recent note to clients that sell-offs in Bitcoin reflect a maturing asset, not a dying one. They argued that the low retail activity means a healthier, more institutionally stable market rather than a structural decline. The analysts explained that BTC’s quiet year is evidence of growing institutional interest rather than a relentless decline.

The investment giant wrote that retail investors are now mostly chasing AI stocks to make quick profits. This leaves room for institutional clients to buy Bitcoin at a discount and sell when it reaches the top. Retail traders will make a beeline to buy BTC when the prices increase, hoping to make gains. The move, according to Bernstein, weeds out the casual investor, which is what could strengthen Bitcoin further.

If Bernstein’s price prediction on Bitcoin turns out to be accurate, it would be a surge of 138% in the next six months. That’s massive returns, and an investment of $1,000 could turn into $2,380. While the entire market is looking at the bearish direction, the investment bank is seeing it in bullish conditions.

Also Read: XRP in Oversold Zone, Claims Cryptocurrency Analyst