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Analysts still see BTC at $150K after over $1 trillion wiped from market cap
Bitcoin’s market capitalization fell by more than $1 trillion in a sell‑off that marked the largest decline since the FTX collapse. Despite the price retreat of almost half from the October 2025 peak of $126,000, the market’s institutional backbone remains intact. The current downturn has not triggered bankruptcies at major platforms, and exchanges and banks continue to operate normally.
Gautam Chugani, an analyst at Bernstein, confirmed the absence of systemic risks in the current cycle. He said that nothing had broken and that there were no skeletons in the closet. He maintained a price target of $150,000 for Bitcoin in 2026. Public companies and ETFs now control about 12% of the asset’s supply, a concentration that limits panic selling because a substantial share of coins remains with long‑term holders.
Since 2024, net inflows into spot Bitcoin ETFs have reached $56 billion, and recent outflows represented only about 6% of total assets under management. The iShares Bitcoin Trust (IBIT), managed by BlackRock, retains a dominant position and continues to attract liquidity despite heightened volatility. Developed market infrastructure enables financial institutions to scale up positions quickly when market sentiment shifts.
Roughly 45% of Bitcoin holders are currently in loss, a level that signals the market has entered a phase of depression. Nonetheless, US banks are accelerating the rollout of crypto services, broadening access for millions of retail customers. The readiness of technical infrastructure to scale operations remains a key factor for any near‑term recovery in market capitalization.
Published 16 March 2026
© InstaFintech Group
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© InstaFintech Group
