Bernstein Sees Bitcoin Soaring to $150,000 Amid Current Downturn

Investment firm $800 billion Bernstein has advised its clients to hold on to their Bitcoin (BTC) investments, predicting that the cryptocurrency will reach a price of $150,000 this year.

This prediction comes despite the recent 54% drawdown in BTC's value, which Bernstein notes is 'far milder' than previous market downturns.

According to the firm, the current cycle will eventually turn, and the dip in Bitcoin's price is only temporary. In fact, they seem optimistic about the cryptocurrency's prospects, saying it's 'coming.'