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Bernstein Expects Bitcoin to Rise, Strategy Buys More Bitcoin
On January 6, Bernstein analyst Gautam Chhugani released his 2026 crypto outlook. Chhugani forecasts that Bitcoin could rise to $150,000, with a peak cycle target of $200,000 in 2027. This outlook comes despite a weak finish to 2025 for the cryptocurrency. Chhugani also pointed out that Strategy Inc’s premium is expected to return as Bitcoin prices recover.
In other news, on January 5, Strategy Inc reported that it purchased 1,286 Bitcoin between late December 2025 and early January 2026. These purchases increased the company’s total Bitcoin holdings to 673,783 Bitcoin, valued at $50.55 billion as of January 4, 2026.
The company acquired 3 Bitcoin for $0.3 million between December 29 and December 31, 2025. Strategy Inc then acquired an additional 1,283 Bitcoin from January 1 to January 4 for $116 million. The company funded these Bitcoin purchases through its at-the-market stock offering program.
Key Levels To Watch
A break below $148 opens the door to further downside with no clear support until $120-$130.
Reclaiming $180 and holding it as support would be the first sign of a trend reversal.
This article has been published in benzinga.com via Yahoo News
Bernstein expects Bitcoin to Rise, Strategy (MSTR) Buys More Bitcoin
Strategy Inc (NASDAQ:MSTR) is one of the 12 Stocks that Will Bounce Back According to Wall Street Analysts. On January 6, Bernstein analyst Gautam Chhugani released his 2026 crypto outlook. Chhugani forecasts that Bitcoin could rise to $150,000, with a peak cycle target of $200,000 in 2027. This...
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