{"id":94093,"date":"2026-02-09T16:38:43","date_gmt":"2026-02-09T13:38:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94093"},"modified":"2026-02-09T16:40:22","modified_gmt":"2026-02-09T13:40:22","slug":"bernstein-labels-current-bitcoin-correction-as-weakest-in-history","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bernstein-labels-current-bitcoin-correction-as-weakest-in-history\/","title":{"rendered":"Bernstein Labels Current Bitcoin Correction as &#8216;Weakest in History&#8217;"},"content":{"rendered":"<p>The current downturn is described as the &#8220;weakest bear scenario&#8221; in the history of the leading cryptocurrency. According to Bernstein analysts, the decline in prices reflects merely a crisis of confidence among market participants, rather than fundamental issues with the asset, reports <a href=\"https:\/\/www.theblock.co\/post\/389003\/weakest-bitcoin-bear-case-in-history-bernstein-reiterates-150000-price-target\">The Block<\/a>.<\/p>\n<p>Experts have reaffirmed a long-term bullish forecast for the leading cryptocurrency, maintaining a target price of $150,000 by the end of 2026.<\/p>\n<p>Bernstein noted the absence of typical crypto winter catalysts: systemic failures, bankruptcies of major players, or issues with hidden leverage.<\/p>\n<p>On the contrary, the market is supported by capital inflows into <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>, corporate treasuries, and a favorable stance from U.S. politicians.<\/p>\n<p>Specialists examined the main arguments of skeptics:<\/p>\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/forklog.com\/en\/news\/all-that-glitters-again\"><strong>lagging behind gold<\/strong><\/a> \u2014 Bitcoin is currently traded as a liquidity-sensitive asset rather than a mature &#8220;safe haven.&#8221; High interest rates are restraining growth, but ETF infrastructure is ready to absorb capital when conditions ease;<\/li>\n<li><strong>ignoring AI trends<\/strong> \u2014 blockchain is better suited for the economy of autonomous AI agents than closed banking APIs;<\/li>\n<li><a href=\"https:\/\/forklog.com\/en\/news\/coinshares-assesses-quantum-threat-to-bitcoin-as-minimal\"><strong>quantum threat<\/strong><\/a> \u2014 a risk for all digital finance, not just cryptocurrencies. Bitcoin can adapt through code updates;<\/li>\n<li><strong>resilience of miners and holders<\/strong> \u2014 large companies like Strategy will withstand even a prolonged downturn (down to a price of $8,000 over five years). Miners <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-miners-power-down-en-masse-as-losses-hit-records\">diversify<\/a> their income by providing capacity for AI data centers.<\/li>\n<\/ul>\n<p>The market situation was also assessed by Glassnode.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">At $70k, the unrealized loss in the market equals ~16% of the market cap. Current market pain echoes a similar structure seen in early May 2022. <\/p>\n<p>\ud83d\udcc9 <a href=\"https:\/\/t.co\/0aCIeukc4X\">https:\/\/t.co\/0aCIeukc4X<\/a> <a href=\"https:\/\/t.co\/FDQJFI3F0M\">https:\/\/t.co\/FDQJFI3F0M<\/a> <a href=\"https:\/\/t.co\/c4FmotH9Cs\">pic.twitter.com\/c4FmotH9Cs<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/2020842701655339131?ref_src=twsrc%5Etfw\">February 9, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to analysts, unrealized losses amount to ~16% of the market capitalization. Experts noted that the current market structure and level of investor &#8220;pain&#8221; resemble early May 2022.<\/p>\n<p>The conclusions were supported by MN Trading founder Micha\u00ebl van de Poppe. He pointed to the historical oversold condition of the market: the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">Fear &#038; Greed Index<\/a> fell to 5 points, and the <a href=\"https:\/\/forklog.com\/en\/news\/what-the-rsi-is-for-and-whether-it-suits-cryptocurrencies\">RSI<\/a> to 15. Such low values were only observed in 2018 and during the &#8220;COVID crash.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Two important facts this morning:<\/p>\n<p>\u2014 The Fear &#038; Greed Index has hit 5. The lowest ever recorded.<br \/>\u2014 The RSI has hit 15. These two levels were only seen in 2018 &#038; during the COVID crash.<\/p>\n<p>That&#8217;s why I don&#8217;t think we&#8217;ll see <$60K for <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> quickly. <\/p>\n<p>It looks like we&#8217;re going to\u2026 <a href=\"https:\/\/t.co\/OdUjCckvzo\">pic.twitter.com\/OdUjCckvzo<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/2020806379460841871?ref_src=twsrc%5Etfw\">February 9, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The trader considers a rapid drop below $60,000 unlikely. He anticipates consolidation and a gradual resumption of growth.<\/p>\n<p>Back in March 2023, the Sharpe ratio <a href=\"https:\/\/forklog.com\/en\/news\/sharpe-ratio-signals-final-stage-of-bear-market\">indicated<\/a> the final stage of the bear market. The indicator for the leading cryptocurrency fell to -10, the lowest since March 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current downturn is the &#8220;weakest bear scenario&#8221; in the history of the leading cryptocurrency, analysts at Bernstein stated.<\/p>\n","protected":false},"author":1,"featured_media":94094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bernstein calls current Bitcoin correction 'weakest in history'.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1643,18,1145,1138],"class_list":["post-94093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bernstein","tag-bitcoin","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"175","promo_type":"1","layout_type":"1","short_excerpt":"Bernstein calls current Bitcoin correction 'weakest in history'.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94093"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94093\/revisions"}],"predecessor-version":[{"id":94095,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94093\/revisions\/94095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94094"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}