Bernstein, a research and brokerage firm, asserts that Bitcoin has likely reached its bottom and is set for further gains, maintaining a price target of $150,000 by 2026. Despite Bitcoin's 50% drop from its peak, MicroStrategy has shown resilience, holding about 3.6% of Bitcoin's total supply, valued at approximately $53.5 billion. MicroStrategy, seen as a high-beta Bitcoin exposure, has not reduced its holdings. Instead, the company has continued to accumulate Bitcoin, raising $7.3 billion through financing in 2026 to expand its position. Bernstein highlights MicroStrategy's solid balance sheet as a key factor in its ongoing Bitcoin strategy.