ChainCatcher news, according to DL News, investment bank Bernstein has released a new research report, predicting that the cryptocurrency bull market will continue until 2026, driven by stablecoins and the tokenization of securities. Meanwhile, Robinhood's cryptocurrency trading volume is expected to reach three times that of 2024 by 2026.The report points out that currently, 60% of Robinhood's trading revenue comes from non-crypto assets (such as stocks and options), while 40% comes from cryptocurrencies. This ratio is expected to reverse between 2025 and 2026.Additionally, Morgan Stanley previously stated that improvements in the U.S. regulatory environment would allow Robinhood to "participate more actively" in the crypto business. In light of this positive news, Bernstein has raised Robinhood's target stock price nearly doubled to $105.

ChainCatcher news, CryptoQuant CEO Ki Young Ju tweeted that there will be no bear market this year, and we are still in a bull market cycle. Prices will eventually rise. Even if Bitcoin drops 30% from its ATH (like 110K → 77K), the bull market cycle can still continue, as seen in past cycles.

ChainCatcher news, Zhu Su, co-founder of Three Arrows Capital (3AC), pointed out in a post that during the last bull market, many large market makers took on principal risk, adopting a hybrid venture capital and market-making strategy. In this bull market, the market makers that have successfully survived mainly rely on zero-risk strategies and maximizing value extraction.This viewpoint stems from discussions about the LIBRA market maker incident, where community members pointed out that Kelsier Ventures essentially confirmed that the main job of market makers like Wintermute is to maximize value extraction and let token prices fall. "At least some other market makers would still do some price pumping, but for some reason, the project team thinks hiring Kelsier to let their tokens only drop is a good idea."

ChainCatcher news, according to Decrypt, based on a recent report from global investment firm Bernstein, investors should prepare for further increases in Bitcoin-related assets and stocks. Analysts point out that as institutional funds continue to flow into the space, the Bitcoin bull market will persist.The report states: "The joint adoption by banks, institutional investors, corporations, and sovereign nations (either directly or through sovereign funds) makes Bitcoin a clear challenger to gold." Analysts added that the Abu Dhabi sovereign wealth fund's purchase of Bitcoin through ETFs is positive for its future performance.The disclosed data shows that top institutions, including Jane Street Group, Citadel Advisors, and Morgan Stanley, have purchased hundreds of millions of dollars in Bitcoin ETFs. Bernstein analysts had previously predicted that Bitcoin would reach $200,000 by the end of 2025.

ChainCatcher news, according to Coindesk, driven by concerns over the trade war and central bank purchases, Citi and UBS have raised their gold price forecasts, expecting the gold bull market to continue. Citi has raised its short-term target price to $3,000 per ounce and increased its annual average price expectation from $2,800 to $2,900; UBS has also raised its 12-month target price to $3,000.Currently, gold has risen to $2,860, with an annual increase of about 9%. Meanwhile, benefiting from the rise in gold prices, gold-backed tokens such as PAXG and XAUT have outperformed the cryptocurrency market, and it is expected that if gold prices continue to climb, these assets will benefit further.

ChainCatcher news, Placeholder partner Chris Burniske posted on X stating, "I don't think the cycle has peaked; it feels more like a mid-bull market pullback, with a decline large enough to make everyone question their lives."It's similar to the situation in April, May, and June of 2021, when various tokens saw declines between 50%-80%. Many people said the bull market was over, and those calling for a peak were quite pleased, but then the market experienced a surge in the second half of 2021.

ChainCatcher news, crypto analyst Miles Deutscher posted on X that the current market decline is more painful than during the FTX collapse in 2022.He explained that during the FTX incident, people had become numb to the declines and no longer held any hope. However, at the time of this decline, people were still expecting a massive altcoin rally. Losing hope is more painful than losing money.

ChainCatcher news, Matrixport released today's chart. Although the market had long anticipated Trump's tariff policy, it still felt surprised. This may be because last week's market focus was primarily on DeepSeek, rather than Trump's policies.However, more importantly, retail investors are under-participating in this market pullback. As tariff uncertainty is expected to persist in the coming days, this uncertainty is affecting the current market adjustment.A simple and effective way to determine whether Bitcoin is still in a bull market is to observe the 21-week moving average, which has historically been an important indicator for observing broad market trends. As long as Bitcoin remains above this level, the bull market still exists. However, if it falls below this level, traders should adopt risk management strategies.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan questioned the sustainability of Bitcoin's four-year cycle in a letter to clients, stating that recent policy changes in the U.S. could extend the current bull market into 2026 and beyond.Matt Hougan believes that with the influx of institutional investors and the maturation of market structure, Bitcoin's price volatility and cyclicality will become more stable, no longer significantly affected by halving events. The Bitcoin market is entering a new phase dominated by macroeconomic factors and long-term investment strategies. As the crypto market evolves, traditional market cycles may no longer apply, marking a shift towards broader institutional integration and sustained investor interest.

ChainCatcher message, CryptoQuant CEO Ki Young Ju posted on social media, "The Bitcoin bull market cycle has not ended. The Bitcoin buying engine is still running. In 2021, the market downturn occurred two months after the GBTC fund inflow dried up.There is no need to rush to judge the cycle peak before the slowdown in ETF, MicroStrategy, and institutional purchases."

ChainCatcher news, according to the latest research report from Glassnode, the current Bitcoin bull market shows several structural similarities to the 2015-2018 cycle.Data shows that the current cycle's Realized Cap has increased by 2.1 times, which is lower than the previous cycle's peak of 5.7 times.

ChainCatcher news, according to CoinDesk, analyst Van Straten pointed out that Bitcoin has currently pulled back nearly 10% from its historical high of $109,000, dropping to around $98,000. Since Trump's election as President of the United States, Bitcoin has risen from $66,000 to a new high, experiencing two pullbacks of 15% during this period.On-chain data shows that the cost basis for short-term holders is at $91,000, and a break below this key support level could put pressure on the current bull market. Market bearish sentiment is rising, and the Bitcoin funding rate has turned negative. BitMEX co-founder Arthur Hayes predicts that Bitcoin may pull back to the $70,000-$75,000 range before reaching $250,000.