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Bitcoin could drop to $60K next
For people like me who are in crypto, weekends are no longer enjoyable. One move, one comment, one decision, and our entire portfolio can turn red.
Last weekend, crypto investors globally saw the market nosedive to all-time lows. Bitcoin plunged to the 70's zone, dropping close to $74,000, about a 40% drop from its all-time highs. At press time, it was trading at $78,244.45.
Analysts have also started factoring in bear market conditions while giving price predictions. Bernstein, however, is seeing light at the end of the tunnel.
Gold outshines Bitcoin, but institutional cycle deepens
Bernstein framed the recent pullback within a broader trend, which is Bitcoin’s underperformance versus gold amid historic central bank accumulation.
Over the past year, major buyers such as China and India have pushed gold’s share of global reserves to around 29% by late 2025, driving Bitcoin’s market cap down to just 4% of gold’s, a two-year low.
Despite that gap, the analysts said the past two years marked a major institutional phase for Bitcoin (BTC), underscored by the explosive rise of spot Bitcoin exchange-traded funds (ETFs), which now manage roughly $165 billion in assets, and the growth of corporate Bitcoin treasuries.
These structural shifts, Bernstein argued, distinguish this cycle from earlier retail-led boom-and-bust phases.
What could fuel the next bull run?
Bernstein pointed to U.S. policy changes as a potential catalyst for Bitcoin’s next leg higher. The firm highlighted discussions around a Strategic Bitcoin Reserve, using government-seized assets, and suggested that leadership changes at the Federal Reserve under nominee Kevin Warsh could lead to more crypto-friendly dynamics.
Institutional flows remain solid, with only limited ETF outflows and no miner capitulation comparable to prior cycles. Corporate holders like Strategy (NASDAQ: MSTR) continue to accumulate BTC, about $3.8 billion year-to-date, while miners increasingly diversify into AI-powered data center operations.
Bernstein concluded that the current weakness likely represents a late-stage correction, not a new crypto winter, setting up what could become the “most consequential cycle” for Bitcoin yet, one with lasting implications beyond its traditional four-year rhythm.
Bernstein predicts Bitcoin's new low
Analysts at Bernstein believe the ongoing crypto market correction could set the stage for a recovery later in 2026. In a note to clients, the team led by Gautam Chhugani said the market remains in a “short-term crypto bear cycle,” but one likely to reverse within months.
Bitcoin, they said, may find a floor around its prior cycle highs near $60,000 in the first half of the year before building a stronger base.
This article has been published in thestreet.com via Yahoo News.
Analyst warns Bitcoin could drop to $60K next
For people like me who are in crypto, weekends are no longer enjoyable. One move, one comment, one decision, and our entire portfolio can turn red. Last weekend, crypto investors globally saw the market nosedive to all-time lows. Bitcoin plunged to the 70's zone, dropping close to $74,000, ...
finance.yahoo.com
