PANews reported on April 7th that, according to a Forbes report on April 6th, Bloomberg analyst Mike McGlone warned that Bitcoin may face a "crypto bubble burst," with its price potentially falling back to the $10,000 level. He pointed out that Bitcoin traded at around $10,000 before the global monetary easing of 2020-2021, and may now be returning to that level.

However, Bernstein analyst Gautam Chhugani holds the opposite view, believing the Bitcoin market has bottomed out and predicting a price of $150,000 in 2026 and potentially $200,000 in 2027. He points out that institutional demand, driven by spot Bitcoin ETFs, has altered the market structure, rendering the traditional four-year cycle inapplicable.

It's worth noting that Bitcoin's "Fear & Greed Index" dropped to 13 on April 6th, indicating a state of "extreme fear" in the market. Nevertheless, Bernstein emphasizes that the market in 2026 will be different from previous years, and the existence of spot ETFs could be a significant factor in stabilizing the market.