{"id":157823,"date":"2026-03-26T19:00:00","date_gmt":"2026-03-26T19:00:00","guid":{"rendered":"https:\/\/cryptonews.com\/br\/noticias\/bernstein-aponta-fundo-do-bitcoin-e-estabelece-meta-de-alta-de-226-para-a-strategy\/"},"modified":"2026-03-26T18:27:23","modified_gmt":"2026-03-26T18:27:23","slug":"bernstein-aponta-fundo-do-bitcoin-e-estabelece-meta-de-alta-de-226-para-a-strategy","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/br\/noticias\/bernstein-aponta-fundo-do-bitcoin-e-estabelece-meta-de-alta-de-226-para-a-strategy\/","title":{"rendered":"Bernstein aponta fundo do Bitcoin e estabelece meta de alta de 226% para a Strategy"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"585\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/13\/2026\/03\/26153901\/featured-image-207-1024x585.webp\" alt=\"\" class=\"wp-image-157822\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/13\/2026\/03\/26153901\/featured-image-207-1024x585.webp 1024w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/13\/2026\/03\/26153901\/featured-image-207-300x171.webp 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/13\/2026\/03\/26153901\/featured-image-207-768x439.webp 768w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/13\/2026\/03\/26153901\/featured-image-207-1536x878.webp 1536w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/13\/2026\/03\/26153901\/featured-image-207-450x257.webp 450w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/13\/2026\/03\/26153901\/featured-image-207.webp 1792w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/figure><p>A Bernstein afirmou que o Bitcoin atingiu o fundo do po\u00e7o e estabeleceu um pre\u00e7o-alvo de 450 USD para as a\u00e7\u00f5es da Strategy, o que representa uma alta de 226% em rela\u00e7\u00e3o ao pre\u00e7o de fechamento de segunda-feira, de 138,20 USD. A recomenda\u00e7\u00e3o vem do analista Gautam Chhugani, de uma firma que gere quase 880 bilh\u00f5es de USD em ativos, o que significa que n\u00e3o se trata de um surto de sentimento do varejo. \u00c9 uma pesquisa institucional tra\u00e7ando uma linha na areia sobre o trade de BTC e a\u00e7\u00f5es.<\/p><div class=\"su-note\" style=\"border: 1px solid #e0d5e5;border-radius: 5px;margin: 20px 0;background-color: #faefff;color: #333333;padding: 20px\"><strong>Principais conclus\u00f5es:<\/strong>\n<ul>\n<li><strong>Chamada de fundo do Bitcoin:<\/strong> Gautam Chhugani, da Bernstein, identifica a queda atual \u2014 de 44% em rela\u00e7\u00e3o \u00e0 m\u00e1xima hist\u00f3rica de 126.210 USD do Bitcoin \u2014 como o fundo do ciclo, sustentado por entradas em ETFs e compras de tesouraria corporativa.<\/li>\n<li><strong>Meta de alta da Strategy:<\/strong> A Bernstein estabelece um pre\u00e7o-alvo de 450 USD para as a\u00e7\u00f5es da Strategy, implicando uma alta de 226% em rela\u00e7\u00e3o aos 138,20 USD, respaldada por 56 bilh\u00f5es de USD em Bitcoin e caixa contra 18 bilh\u00f5es de USD em d\u00edvida total.<\/li>\n<li><strong>Sinal institucional:<\/strong> Os ETFs de Bitcoin absorveram 2,2 bilh\u00f5es de USD em entradas l\u00edquidas ao longo de quatro semanas, tornando positivos os fluxos no acumulado do ano; FMR, BlackRock, Capital Group e VanEck det\u00eam agora 23% das a\u00e7\u00f5es preferenciais STRC da Strategy.<\/li>\n<\/ul>\n<\/div><h2 class=\"wp-block-heading\">A tese do fundo do Bitcoin da Bernstein: o que os dados mostram<\/h2><span class=\"replacer\"><\/span><p>O Bitcoin atingiu o pico de 126.210 USD em 6 de outubro de 2025. Um flash crash em 10 de outubro, desencadeado por liquida\u00e7\u00f5es alavancadas, iniciou a corre\u00e7\u00e3o, agravada pelos ataques dos EUA e Israel ao Ir\u00e3 no final de fevereiro de 2026, e o Bitcoin ainda manteve um suporte pr\u00f3ximo a 71.000 USD.<\/p><p>Chhugani enquadra a queda de 44% como evid\u00eancia de amadurecimento, n\u00e3o de colapso: a demanda institucional absorveu a press\u00e3o de venda que, em ciclos anteriores, teria levado a perdas de 70 a 80%.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\ud83d\udea8BERNSTEIN: MARKET MISREADING CLARITY ACT<br><br>Circle shares plunged nearly 21% over the last five days, dragging down broader crypto stocks.<br><br>The drop followed investor fears around a proposed ban on stablecoin yield. The concern stems from new language in the Clarity Act bill.\u2026 <a href=\"https:\/\/t.co\/qXkglh9Gi5\">pic.twitter.com\/qXkglh9Gi5<\/a><\/p>&mdash; BSCN (@BSCNews) <a href=\"https:\/\/twitter.com\/BSCNews\/status\/2037029618944020581?ref_src=twsrc%5Etfw\">March 26, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p>Os dados dos ETFs refor\u00e7am a tese. Os ETFs de Bitcoin registraram <strong>2,2 bilh\u00f5es de USD<\/strong> em entradas l\u00edquidas nas quatro semanas anteriores \u00e0 nota da Bernstein, revertendo as sa\u00eddas do acumulado do ano e elevando o valor l\u00edquido de 2026 para <strong>364 milh\u00f5es de USD<\/strong> positivos, contra uma base de ativos de <strong>90 bilh\u00f5es de USD<\/strong>.<\/p><p>Os ETFs det\u00eam agora 6,1% do suprimento total de Bitcoin. Isso representa uma demanda estrutural, n\u00e3o um trade de curto prazo, e \u00e9 exatamente o tipo de piso que a <a href=\"https:\/\/cryptonews.com\/news\/bitcoin-price-prediction-dashlink-btc-71k-institutional-demand\/\" target=\"_blank\" rel=\"noreferrer noopener\">an\u00e1lise de demanda institucional tem apontado<\/a> durante todo este ciclo de corre\u00e7\u00e3o.<\/p><p>A meta da Bernstein para o Bitcoin no final do ano <span style=\"margin: 0px;padding: 0px\">\u00e9 de <strong>150.000 USD<\/strong>, condicionado \u00e0 manuten\u00e7\u00e3o das compras institucionais at\u00e9 meados de 2026 em meio a<\/span> ventos contr\u00e1rios geopol\u00edticos. A chamada de fundo n\u00e3o \u00e9 apenas um padr\u00e3o gr\u00e1fico. \u00c9 um argumento de fluxo de capital.<\/p><h2 class=\"wp-block-heading\">Tesouraria de Bitcoin da Strategy: a matem\u00e1tica por tr\u00e1s da alta de 226%<\/h2><span class=\"replacer\"><\/span><p>A Strategy det\u00e9m 762.099 BTC, adquiridos mais recentemente com uma compra de 1.031 BTC na semana passada, avaliados em aproximadamente 51,43 bilh\u00f5es de USD.<\/p><figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/p\/no_image.svg\" alt=\"\" class=\"wp-image-491835 lazyload\" data-src=\"https:\/\/cimg.co\/wp-content\/uploads\/2026\/03\/26134258\/image-206-1024x121.png\" data-srcset=\"\"><figcaption class=\"wp-element-caption\">(Fonte \u2014 <a href=\"https:\/\/strategytracker.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">StrategyTracker<\/a>)<\/figcaption><\/figure><p>O total de Bitcoin e caixa no balan\u00e7o patrimonial soma 56 bilh\u00f5es de USD contra 18 bilh\u00f5es de USD em d\u00edvida total, segundo a Bernstein. As reservas de caixa sozinhas cobrem as obriga\u00e7\u00f5es anuais de dividendos e juros por 25 meses. A posi\u00e7\u00e3o em Bitcoin cobre os custos anuais de financiamento por aproximadamente 50 anos.<\/p><p>O mecanismo de alavancagem \u00e9 direto: as a\u00e7\u00f5es da Strategy amplificam os movimentos do Bitcoin porque cada a\u00e7\u00e3o representa um direito sobre uma tesouraria de BTC que cresce \u00e0 medida que a empresa capta capital e compra mais moedas.<\/p><p>A 138,20 USD, o alvo de 450 USD da Bernstein precifica uma recupera\u00e7\u00e3o do Bitcoin em dire\u00e7\u00e3o ao n\u00edvel de 150.000 USD, enquanto atribui valor \u00e0 pr\u00f3pria m\u00e1quina de capta\u00e7\u00e3o de capital \u2014 a capta\u00e7\u00e3o de 42 bilh\u00f5es de USD dividida entre a\u00e7\u00f5es ordin\u00e1rias Classe A e a\u00e7\u00f5es preferenciais perp\u00e9tuas, com 6,24 bilh\u00f5es de USD em capacidade de programa ATM ainda dispon\u00edvel atrav\u00e9s de um sindicato de vendas de 19 agentes.<\/p><p>A a\u00e7\u00e3o preferencial STRC foi lan\u00e7ada em julho de 2025, pagando um dividendo anual de 11,5% mensalmente. O volume m\u00e9dio di\u00e1rio de 30 dias da STRC atingiu 220 milh\u00f5es de USD, um aumento de 65% em tr\u00eas meses, tornando-o o produto preferencial mais l\u00edquido em sua categoria. A Strategy caiu 57% em seis meses e 59% em doze meses, refletindo preocupa\u00e7\u00f5es com a dilui\u00e7\u00e3o devido \u00e0s cont\u00ednuas emiss\u00f5es de a\u00e7\u00f5es.<\/p><p>A a\u00e7\u00e3o recuperou 10,9% no \u00faltimo m\u00eas. A Bernstein aposta que o desconto pela dilui\u00e7\u00e3o j\u00e1 est\u00e1 precificado.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bernstein aponta fundo do Bitcoin e v\u00ea potencial de alta de 226% para a MSTR<\/p>\n","protected":false},"author":780,"featured_media":157822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[103],"editores":[534],"sponsored_companies":[],"class_list":["post-157823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","editores-cryptonews"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bernstein aponta fundo do Bitcoin e estabelece meta de alta de 226% para a Strategy<\/title>\n<meta name=\"description\" content=\"Bernstein aponta fundo do Bitcoin e v\u00ea 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