Bitcoin has rebounded to $70,800 during the U.S. session, marking a 0.5% increase over the past 24 hours after dipping to just above $68,000 earlier. This rise comes amid a broader market upswing, with ether, XRP, and solana also gaining around 1.5%. Bernstein analyst Gautam Chhugani reiterated the firm's bullish $150,000 year-end target for Bitcoin, citing the current market conditions as the weakest bear case in Bitcoin's history. In related developments, Bitcoin mining difficulty has decreased significantly, indicating potential bottoming as less efficient miners temporarily halt operations. Meanwhile, crypto platform Bullish leads sector gains with a 14.2% increase, followed by Galaxy Digital and Circle Financial. Bitcoin miners transitioning to AI infrastructure, such as TeraWulf and Cipher Mining, are also seeing substantial gains following positive coverage from Morgan Stanley.