Opinion: The crypto bear market cycle is expected to reverse in 2026, with bitcoin possibly bottoming out in the $60,000 range.
According to Odaily, analysts at Bernstein expect that the crypto market is currently in a short-term bear cycle, but anticipate a reversal in the first half of 2026. Bitcoin is expected to bottom out in the $60,000 range, which was the previous cycle's high, and then establish a higher price floor. Bernstein points out that the past two years have been an institutional cycle for Bitcoin, with spot Bitcoin ETF assets under management having grown to approximately $165 billion. Despite recent market corrections, institutional participation remains resilient, and there has been no miner leverage collapse similar to previous cycles. In addition, the establishment of a US strategic Bitcoin reserve and potential changes in Federal Reserve leadership could position Bitcoin as a national sovereign or reserve asset. Bernstein believes that the current weakness is a late-cycle correction rather than a prolonged winter, and that the reversal in 2026 will lay the foundation for Bitcoin's most influential cycle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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