Bernstein: Bitcoin Formed Clear Bottom at $60,000, Bullish on Future Structural Long-Term Rally

BlockBeats News, April 27th, Brokerage and research firm Bernstein stated in its latest report that as Bitcoin approaches $80,000, the crypto market fundamentals are strengthening, and the recent low around $60,000 has formed a clear bottom.

Analysts believe that stable institutional inflows from asset management firms and brokerages, continuous Bitcoin accumulation by the Strategy through STRC, and the increasing integration of blockchain with traditional financial infrastructure are key factors driving the market towards an asymmetric uptrend.

The report notes that ETF-led institutional demand is bolstering Bitcoin's holding base, with over 60% of the supply inactive for over a year. At the same time, stablecoin supply has reached a historical high of over $300 billion, demonstrating ongoing real-world USD payment and settlement needs.

Furthermore, the scale of real-world assets (RWA) such as tokenized private credit and U.S. treasuries has grown by 110% year-on-year, reaching $345 billion. Analysts concluded, "The best days for cryptocurrency are yet to come, which will be reflected in a higher and structurally longer crypto bull market."