Bloomberg: Maintains $150,000 Bitcoin Target by Year-End, Current Pullback Weaker Than Previous Cycles

BlockBeats News, July 7th. Despite Bitcoin's price retracement of about 54% from its high near $125,000 in October 2025, Bernstein still maintains a year-end target price of $150,000. Bernstein believes that the current retracement is significantly lower than the common 75% to 90% decline seen at the end of historical cycles, indicating that the market structure has undergone some changes.

In the current market downturn sentiment, the explicit target price given by Wall Street can provide a price anchor for the market, while the historical retracement framework can help traders assess risks. If this cycle follows a similar pattern to historical trends, the market may still experience further downside, but institutional assessments of the subsequent recovery remain noteworthy.

The institution pointed out that the previous high near $125,000 in October 2025 remains a key reference resistance level; if calculated based on a historical 75% retracement, the corresponding price is around $31,000, which can be seen as a critical invalidation zone. Subsequently, attention will be focused on whether Bitcoin spot ETF funds flow and spot demand have recovered, which are important signals for judging the market's entry into the recovery phase.