[Viewpoint: Crypto bear market cycle expected to reverse in 2026, Bitcoin may bottom out in the $60,000 range] Odaily Planet Daily News: Analysts at Bernstein predict that the crypto market is currently in a short-term bear market cycle but is expected to reverse in the first half of 2026. Bitcoin is expected to bottom out in the $60,000 range, which was the peak of the previous cycle, and then establish a higher price floor. Bernstein pointed out that the past two years have been an institutional cycle for Bitcoin, with the assets under management of spot Bitcoin ETFs growing to approximately $165 billion. Despite recent market adjustments, institutional participation has remained resilient, and there has been no miner leverage collapse similar to previous cycles. Additionally, the establishment of U.S. strategic Bitcoin reserves and potential changes in Federal Reserve leadership could position Bitcoin as a national sovereign or reserve asset. Bernstein believes the current weakness is a late-cycle pullback rather than a prolonged winter, and the reversal in 2026 will lay the foundation for Bitcoin's most impactful cycle.