Bernstein lowers target prices for several listed Bitcoin mining companies but maintains the year-end target price of $200,000 for BTC

ChainCatcher news, brokerage firm Bernstein has lowered the target prices for several listed Bitcoin mining companies, including IREN, CleanSpark, and Riot Platforms, as these companies' stock performances have significantly lagged behind BTC so far this year. Analyst Gautam Chhugani explained that Bitcoin mining companies have experienced painful adjustments this year, falling 20-40%, while Bitcoin has dropped 10%. Overall, the price trends of listed mining companies have been disappointing, with no significant increase in the fourth quarter of last year, and their performance year-to-date has been worse than Bitcoin's adjustments.

However, Bernstein analysts maintained their target price of $200,000 for Bitcoin by the end of the year.