$BTC just did a 28% rip in 10 days after getting cut in half from the Oct 2025 top.

Bernstein thinks the bear phase is over. If they're right, here's what's coming from $78,435:

$125k by late 2026 → +59%
$300k in 2029 → +282%
$1M by 2033 → +1,175%

That's the institutional thesis. Whether you believe it or not, the macro setup is shifting. Watch liquidity and rate cuts.