Just caught Bernstein's latest take on Bitcoin and they're calling a bottom here. They're sticking with that $150,000 year-end target, which honestly still sounds wild when you look at where we are now—BTC sitting around $71.85K with some pressure today. But if you break down what that means on an hourly basis for someone earning 30,000 a year, the upside potential they're pricing in is pretty significant.

The interesting part is how institutional players like Bernstein are positioning themselves. They're not panicking on the dips, just doubling down on the thesis that we're closer to the floor than the ceiling. Whether that $150K target actually hits by year-end is another story, but the signal from a major broker giving a specific number like that does carry weight in the market.

Obviously this is their view and markets don't always cooperate with analyst targets, but it's worth noting when big money starts calling bottoms instead of capitulating. Makes you wonder if we're actually near the turning point everyone's been waiting for.