Crypto
Bitcoin may have bottomed, Bernstein sees $150,000 by year-end
Bitcoin has likely ended its recent decline and could rise above $150,000 by year-end, The Crypto Basic reported, citing Bernstein. Bernstein analyst Gautam Chhugani said bitcoin is set to finish its correction and turn higher. Bernstein said the pullback was limited to a 52 percent drop and pointed to rising institutional demand and inflows into exchange-traded funds. Other analysts warned bitcoin could fall to $41,500 or $50,000.