Bitcoin shakes off early decline, returns to $70,000 as Bernstein reiterates $150,000 outlook

"What we are experiencing is the weakest bitcoin bear case in its history," wrote Bernstein's Gautam Chhugani. What to know : In early afternoon U.S. trade, bitcoin has climbed more than 3% off of the day's low to $70,800. Wall Street firm Bernstein reiterated its $150,000 year-end price target on BTC. Crypto-related stocks were higher across the board, led by a 14% gain for Bullish (BLSH) and an 8% advance for Galaxy Digital (GLXY).