Bitcoin: The One Crypto Wall Street Says Has Bottomed and Could Double by Year-End – Gautam Chhugani’s Prediction
Blog Agent Posted On March 30, 2026 Bitcoin: The One Crypto Wall Street Says Has Bottomed and Could Double by Year-End – Gautam Chhugani’s Prediction
Bitcoin has taken a big hit lately. It hit an all-time high of over $126,000 last October. Now, it trades around $66,600 as of late March. Many investors wonder: has the drop stopped? Is it time to buy?
One top Wall Street expert says yes. Gautam Chhugani, an analyst at Bernstein, believes
Bitcoin’s Rough Ride: From Peak to Pullback
After Donald Trump’s win in the 2024 election, Bitcoin soared. Trump promised a pro-crypto U.S. He wanted to make America the “crypto capital of the world.” Bitcoin responded with a huge rally.
Post-election, good things happened:
- Congress passed new crypto laws to fix unclear rules.
- The U.S. created a Strategic Bitcoin Reserve.
- New rules let big institutions and retirement accounts buy Bitcoin easily.
But then trouble hit. High interest rates worried investors. New tech like AI and quantum computing stole the spotlight. The war in the Middle East added fear. Bitcoin ETFs saw money flow out. Big holders, called “whales,” sold to take profits.
Result? Bitcoin fell hard. Yet, Chhugani’s team calls this a short “reset,” not a full bear market. No big systemic problems like in past crashes.
Why , According to the Expert
Chhugani leads Bernstein’s crypto research. His team sticks to their $150,000 target for year-end. They say the sell-off is over. Key reasons:
- No panic selling: Unlike 2018 or 2022, no mass fear.
- Recent strength: Bitcoin beat gold since the Iran conflict started.
- Institutional money returning: ETF inflows are picking up. Banks now offer crypto services.
Bitcoin’s chart shows support levels holding. This suggests buyers are stepping in.
Bitcoin vs. Gold: The Digital Gold Story
Bitcoin fans call it “digital gold.” Why? It has a fixed supply of 21 million coins. No more can be made. Gold hedges inflation and shines in wars or uncertainty.
But lately, gold struggled too. A strong U.S. dollar hurt it (they move opposite). Gold rose before the Middle East war, so some sold for cash.
Bitcoin? It held up better. Since the conflict, BTC outperformed gold. This supports the digital gold idea. In tough times, people want hard assets. Bitcoin fits.
MicroStrategy: The High-Octane Bitcoin Play
Chhugani loves MicroStrategy. This company holds 3.6% of all Bitcoin. It’s like a turbo-charged Bitcoin bet. Its balance sheet is strong, liquid, and tested in tough markets.
Why pick it? It amplifies Bitcoin’s moves. If BTC doubles, MicroStrategy could do even better. Smart for believers wanting more upside.
Institutional Adoption Fuels the Fire
Big money is key. Bitcoin spot ETFs have billions in assets. Flows turned positive again. Traditional banks add crypto trading and custody.
The Strategic Bitcoin Reserve? Game-changer. U.S. government holding BTC signals it’s legit. More countries might follow, like El Salvador did.
Clear rules mean less fear. Institutions can pour in safely. This drives prices up long-term.
The Risks: Don’t Bet the Farm
Bitcoin is volatile. Wall Street predictions often miss. Even experts get it wrong. Past drops hit 90%. But each time, BTC recovered to new highs.
Watch for:
- Interest rate changes.
- Geopolitical shocks.
- Regulatory surprises.
Don’t chase short-term targets. Think long-term. Bitcoin has survived worse.
Historical Proof: Bitcoin Always Bounces Back
Bitcoin’s history is boom and bust. Key cycles:
| Year | Peak Price | Drop | Recovery Time |
|---|---|---|---|
| 2017 | $20,000 | 84% | 3 years to new high |
| 2021 | $69,000 | 77% | 3 years to new high |
| 2025? | $126,000 | 47% so far | ?? |
Pattern? Big wins after pain. Halvings cut supply, spark rallies. Next one boosts scarcity.
Should You Buy Now?
Chhugani says it’s the <1 Cryptocurrency to Buy> that has
Ideas for your portfolio:
- 5-10% allocation: For growth and diversification.
- Dollar-cost average: Buy bits over time.
- Hold long-term: Ignore short noise.
Bitcoin isn’t perfect. But its track record shines. With pro policies and institutions in, the bull case grows stronger.
Final Thoughts
Wall Street’s Gautam Chhugani sees
Do your research. Crypto moves fast. If you’re bullish on digital assets, now might be the dip to grab.
Stay tuned for more crypto updates. What do you think – bottomed or more pain ahead?
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