Bernstein reiterated to remain bullish on Bitcoin, maintaining its $200,000 target price.

Odaily Planet Daily News Bernstein reiterated its $200,000 BTC price target and believes there is a potential buying opportunity in the current price pullback, describing the current pullback as 'another opportunity to participate in this cycle' in their research report, and reaffirmed their bullish stance on the BTC market structure. Bernstein also pointed out that BTC has not reached the cycle high point and is expected to approach the $200,000 mark in the next 12 months. Their long-term forecast for BTC is based on a simple argument: 'Driven by accelerating institutional and sovereign demand, BTC will become a thriving 'digital gold' asset class.' (TheBlock)