#Bernstein it is believed that the worst stage of Bitcoin correction$BTC , is likely already behind, and the market is preparing for a new rise. One of the key factors they mention is the active strategy of the largest corporate owner of cryptocurrency — Strategy, which continues to increase its reserves.

In a fresh analytical note, expert Gautam Chhugani noted that #Bitcoin , it seems to have reached a local bottom and transitioned to an upward trend. The company maintains an optimistic forecast and expects that by the end of 2026, the asset's price could reach $150,000.

Bernstein pays special attention to the resilience of Strategy during the recent market downturn. After peaking at around $125,000 at the end of 2025, Bitcoin$BTC declined; however, the company not only maintained its positions but also strengthened them. Currently, Strategy controls approximately 3.6% of the total Bitcoin issuance — equivalent to about $53.5 billion in net assets.

Analysts emphasize that concerns about potential forced liquidations have been exaggerated. On the contrary, since the beginning of 2026, the company has raised about $7.3 billion through the issuance of common and preferred shares and directed these funds towards further accumulation of Bitcoin — even despite the asset's price drop of approximately 19% during this period.

A crucial role in Strategy's financial model is played by the STRC instrument — preferred capital with a fixed return. According to Bernstein's estimates, it shows low volatility (less than 2%) and stable monthly payments, which helps reduce the risks of shareholder dilution.

The report also notes that Bitcoin#BTC has demonstrated strong performance amid geopolitical tensions, particularly during the conflict surrounding Iran. During this time, the cryptocurrency outperformed gold by about 25%, which analysts attribute to its global mobility and resilience to censorship.

#Bernstein n confirmed the rating of 'outperform' for Strategy's shares and set a target price of $450, expecting further growth for both the company and the cryptocurrency market itself.