Bitcoin’s quiet cycle may be healthier than it looks: Bernstein

cryptonews06:19

Bitcoin has remained under pressure throughout 2026, but analysts at Bernstein have argued that the cryptocurrency’s weaker performance is helping create a more institution-focused market rather than ...

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href=https://crypto.news/bitcoins-quiet-cycle-may-be-healthier-than-it-looks-bernstein/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin has remained under pressure throughout 2026, but analysts at Bernstein have argued that the cryptocurrency’s weaker performance is helping create a more institution-focused market rather than ...</p>\n\n<a href=\"https://crypto.news/bitcoins-quiet-cycle-may-be-healthier-than-it-looks-bernstein/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITY","symbol_name":"Amplify Bitcoin 2% Monthly Option Income 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$12 billion this year, down from $60 billion in 2025.Despite bearish technical signals and a 27% yearly decline, Bernstein maintains its $150,000 Bitcoin price target for year-end.According to a research note released Monday by Bernstein’s Global Digital Assets team, capital flows into Bitcoin have slowed sharply this year as retail investors increasingly pursue opportunities in artificial intelligence-related stocks.The report said net inflows from spot Bitcoin exchange-traded funds and corporate treasury buyers have reached roughly $12 billion so far in 2026","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","BITB":"比特币ETF-Bitwise","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - 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April"},"translate_title":"比特币的安静周期可能比看起来更健康：Bernstein","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBXA":0.6,"SBIT":0.6,"CBOO":0.6,"ARKB":0.6,"BPI":0.6,"CBXO":0.6,"CBXJ":0.6,"DFII":0.6,"CBTY":0.6,"BFAP":0.6,"EZBC":0.6,"CBOJ":0.6,"GBTC":0.6,"BCCC":0.6,"BAGY":0.6,"DEFI":0.6,"CBTO":0.6,"CBXY":0.6,"STRL":1.87,"HODL":0.6,"FBTC":0.6,"CBTA":0.6,"BFJL":0.6,"BITI":0.6,"CBOA":0.6,"XBTY":0.6,"BTCW":0.6,"QBF":0.6,"BTCO":0.6,"BITO":0.6,"BTCC":0.6,"CBOY":0.6,"BITY":0.6,"BITB":0.6,"BITU":0.6},"content_text":"Bitcoin has remained under pressure throughout 2026, but analysts at Bernstein have argued that the cryptocurrency’s weaker performance is helping create a more institution-focused market rather than signaling a long-term problem.\n\n\nSummary\n\n\n\nBernstein says Bitcoin’s weak 2026 performance is creating a more institution-driven market as retail investors shift toward AI stocks.\nSpot Bitcoin ETF and corporate treasury inflows have fallen to about $12 billion this year, down from $60 billion in 2025.\nDespite bearish technical signals and a 27% yearly decline, Bernstein maintains its $150,000 Bitcoin price target for year-end.\n\n\n\nAccording to a research note released Monday by Bernstein’s Global Digital Assets team, capital flows into Bitcoin have slowed sharply this year as retail investors increasingly pursue opportunities in artificial intelligence-related stocks.\nThe report said net inflows from spot Bitcoin exchange-traded funds and corporate treasury buyers have reached roughly $12 billion so far in 2026, down from about $60 billion during all of 2025. Bernstein also noted that Bitcoin ETFs have recorded net outflows of approximately $2.6 billion despite collectively managing around $75 billion in assets.\nRather than viewing the decline as a warning sign, Bernstein analysts said the changing investor mix could improve market stability. The firm said pension funds, sovereign wealth funds, institutional asset managers and corporate treasury companies now make up a larger share of Bitcoin ownership than in previous cycles, when retail speculation played a much bigger role.\n\n“We believe this maturation phase of Bitcoin is less appreciated, and the criticism has largely come from its lack of retail momentum—which may not be a bad thing considering retail has crowded into AI.”\n\nStrategy continues accumulating Bitcoin\nAmong the largest institutional buyers, Strategy has continued expanding its Bitcoin holdings despite the market downturn.\nBernstein noted that the company raised approximately $7.5 billion through its STRC preferred stock offering this year and used the proceeds to acquire around 100,000 BTC. The world’s corporate BTC holder now owns more than 845,000 BTC valued at roughly $53.6 billion.\nElsewhere in the digital asset sector, several publicly traded mining companies have increased their exposure to artificial intelligence infrastructure. Bernstein highlighted firms such as IREN and Cipher Digital, which have benefited from growing demand for AI data center capacity.\nAt the same time, the firm pointed out that the entire cryptocurrency market remains relatively small compared with traditional asset classes. Total crypto market capitalization currently stands near $2.25 trillion, far below the size of global equity and commodity markets that continue to attract most investor attention.\nTechnical weakness contrasts with Bernstein’s outlook\nEven as Bernstein maintains a constructive long-term view, Bitcoin’s chart structure remains under pressure.\nAt press time, Bitcoin (BTC) traded near $63,800 after recovering from a recent drop toward the $59,000 area. Daily chart data shows the asset rebounding from oversold conditions, though it remains below key Fibonacci retracement levels.\nBitcoin price, RSI, and CMF daily chart — June 9 | Source: crypto.news\nThe Relative Strength Index has started to recover from deeply oversold territory while Chaikin Money Flow remains below zero, indicating capital outflows have yet to fully reverse.\nShorter-term charts also show Bitcoin trading within a bearish flag pattern following a sharp decline from the $74,000 region. The pattern’s upper boundary and Supertrend resistance converge near the $64,800 area, creating an important level for bulls to reclaim.\nBitcoin price has formed a bearish flag on the 4-hour chart — June 9 | Source: crypto.news\nDespite those technical challenges and Bitcoin’s decline of roughly 27% this year, Bernstein maintained its year-end price target of $150,000. The analysts argued that a lack of retail enthusiasm should not undermine Bitcoin’s long-standing role as a store of value.\n\n“Bitcoin being boring this cycle should not be held against it, and does not take away from the long-term ‘store of value’ thesis, in our view.”\n\n\n\n\n\n\n                Read more:\n            \n\n                OpenAI confidentially files for IPO as AI listings accelerate","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2642322744","isCrawlerRequest":true}