Wu Blockchain(@WuBlockchain):Bernstein analyst Gautam Chhugani said Bitcoin’s roughly 54% decline from its October 2025 high of about USD 125,000 remains far smaller than the 75% to 90% drawdowns often seen near the end of previous cycles. Bernstein, a major Wall Street research and brokerage firm, maintained its USD 150,000 year-end Bitcoin target and said it will keep watching for “signs of life” in capital flows.

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Wu Blockchain@WuBlockchain

2026.07.07 02:37

Bernstein analyst Gautam Chhugani said Bitcoin’s roughly 54% decline from its October 2025 high of about USD 125,000 remains far smaller than the 75% to 90% drawdowns often seen near the end of previous cycles. Bernstein, a major Wall Street research and brokerage firm, maintained its USD 150,000 year-end Bitcoin target and said it will keep watching for “signs of life” in capital flows.