STRC Holds 3.6% of Bitcoin Supply as Analysts Reaffirm $150,000 2026 Target
Bernstein analyst Gautam Chhugani said Bitcoin appears bottomed after trading in a $65,000 to $75,000 range for three weeks and reconfirmed a $150,000 price target for the end of 2026. STRC holds roughly 3.6% of Bitcoin’s total supply, offering high-beta upside exposure backed by its resilient and liquid balance sheet.
1. Bitcoin Trading Range and Bottoming
Bitcoin has traded between $65,000 and $75,000 over the past three weeks, settling around $71,000 on Wednesday as analysts identify this period as the trough after a five-month decline from its October high of $126,000.
2. Bernstein’s $150,000 Price Target Reaffirmed
Analyst Gautam Chhugani reaffirmed a $150,000 Bitcoin price target for end-2026, emphasizing his view that the token has found its trough and is positioned for upside momentum.
3. ETF Supply and Market Flows
Bitcoin ETFs have reversed early-year outflows, now holding approximately 6.1% of total Bitcoin supply, signaling institutional demand returning to the market.
4. STRC’s Bitcoin Exposure and Balance Sheet
STRC holds about 3.6% of Bitcoin’s total supply, offering investors high-beta exposure to Bitcoin’s potential rally while relying on its robust, liquid balance sheet as a downside backstop.