Bernstein analysts said bitcoin’s “boring cycle” and $2.6 billion worth of ETF outflows in 2026 do not weaken its store-of-value thesis.

Bernstein analysts said bitcoin’s “boring cycle” and $2.6 billion worth of ETF outflows in 2026 do not weaken its store-of-value thesis.

Bitcoin is down about 50% from its peak, but Wall Street researchers argue the selloff reflects a maturing asset, not a dying one.