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Bitcoin has staged a recovery from late 2025 lows, with analysts at Bernstein declaring on January 6, 2026, that the cryptocurrency has likely found its bottom and maintaining their $150,000 price target for this year. The digital asset traded around $93,000 to $94,000 in early January trading, rebounding from approximately $80,000 levels reached in late November.​

“We believe with reasonable confidence that Bitcoin and broader digital asset markets have bottomed,” Gautam Chhugani, managing director and senior analyst at Bernstein, wrote in a note released Tuesday. The firm dismissed concerns that Bitcoin’s October 2025 peak above $126,000 represented the culmination of a historical four-year cycle, instead pointing to institutional demand as a driver for continued growth.​

The bullish outlook coincides with a shift in Federal Reserve monetary policy. The central bank officially ended its quantitative tightening program on December 1, 2025, after withdrawing approximately $2.4 trillion from the financial system since June 2022. The Fed has since conducted substantial liquidity operations, including a $13.5 billion overnight repurchase agreement injection in early December.

​Institutional Inflows Return

U.S. spot Bitcoin exchange-traded funds attracted approximately $1.2 billion in the first two trading days of 2026, marking a reversal from the $4.5 billion in net outflows recorded across November and December 2025. BlackRock’s IBIT led the inflows with $372 million on January 5, while Fidelity’s FBTC drew $191 million.​

According to Bernstein, despite Bitcoin’s 6% decline in 2025, crypto-related equities delivered average returns of approximately 59%. The firm projects a “tokenization supercycle” in 2026, with stablecoin supply expected to grow 56% year-over-year to $420 billion​.

Cycle Debate Continues

Bitcoin concluded 2025 trading near $87,000, roughly 30% below its October all-time high of $126,181. The cryptocurrency opened 2025 around $95,000 before rallying to its peak in October, then declining through year-end amid tighter financial conditions and elevated bond yields.​

Bernstein analysts argue the ongoing “digital assets revolution” is likely to extend the current bull market beyond traditional four-year patterns. The firm set a price forecast of $150,000 for 2026 and a peak target of $200,000 for 2027, citing the expansion of stablecoin payments and tokenized real-world assets.​

US President Donald Trump acknowledged rising tensions with Prime Minister Narendra Modi on Tuesday, saying the Indian leader is dissatisfied with Washington over steep tariffs imposed on Indian goods linked to New Delhi’s purchases of Russian oil.

Speaking at the House GOP Member Retreat, Trump described his relationship with Modi as “very good” but admitted the 50 percent tariff—among the highest imposed by his administration—has created strain. The levy, which took effect in August 2025, includes a 25 percent reciprocal tariff and an additional 25 percent penalty tied specifically to India’s energy trade with Moscow.​

“Prime Minister Modi came to see me, ‘Sir, may I see you please’. Yes. I have a very good relationship with him. He’s not that happy with me because you know they’re paying a lot of tariffs now,” Trump said. He claimed India has since reduced its Russian oil imports “very substantially” following the tariff pressure.​

India’s crude imports from Russia have declined sharply in recent months, dropping to approximately 1.2 million barrels per day in December 2025—the lowest level in three years and down from 1.84 million barrels per day in November. The reduction followed US sanctions on Russian producers Rosneft and Lukoil, which took effect in November.

Helicopter Delays Surface

Trump also raised concerns about delays in delivering Apache attack helicopters to India, saying New Delhi had been waiting five years for the aircraft. “India ordered 68 Apaches,” he said, adding, “We’re changing it”.​​

The Indian Army received its first batch of three Apache helicopters in July 2025, more than a year behind the original delivery schedule. The final three helicopters arrived in December, completing a $600 million procurement deal signed in 2020.​

वैश्विक शेयर बाजारों ने मंगलवार, 6 जनवरी 2026 को अभूतपूर्व स्तर छू लिया, जब एशिया से यूरोप और अमेरिका तक रैली चली। वेनेजुएला में अमेरिकी सैन्य कार्रवाई के बावजूद निवेशकों ने भू-राजनीतिक जोखिमों को दरकिनार कर बाजारों पर भरोसा जताया.​

एशियाई बाजारों का धमाकेदार प्रदर्शन

जापान का निक्केई 225 इंडेक्स 52,518.08 पर बंद हुआ, जो दो महीने में पहला नया रिकॉर्ड है। दक्षिण कोरिया का कोस्पी 4,525.48 पर पहली बार 4,500 पार कर गया। चीन का शंघाई कंपोजिट 4,083.67 पर जुलाई 2015 के बाद सबसे ऊंचा स्तर छुआ.​

सिंगापुर का स्ट्रेट्स टाइम्स इंडेक्स 4,739.97 पर ऑल-टाइम हाई बना। विशेषज्ञों का अनुमान है कि नीतिगत समर्थन से यह साल末 तक 5,000 तक पहुंच सकता है.​

यूरोप और अमेरिका में नई ऊंचाइयां

लंदन का एफटीएसई 100 इंडेक्स 1.2% ऊपर बंद हुआ, जो लगातार तीसरा रिकॉर्ड है। जर्मनी का डीएक्स और स्पेन का आईबेक्स भी ऑल-टाइम हाई पर पहुंचे। अमेरिका में डाउ जोन्स 49,462 पर पहली बार 49,000 पार कर रिकॉर्ड बना, एसएंडपी 500 6,944.82 और नैस्डैक 0.65% ऊपर.​

वेनेजुएला संकट के बावजूद बाजार मजबूत

अमेरिकी सेना ने वेनेजुएला के राष्ट्रपति निकोलस मादुरो को हिरासत में लिया, राष्ट्रपति ट्रंप ने तेल उद्योग पर नियंत्रण का ऐलान किया। फिर भी बाजारों ने इसे नजरअंदाज किया। “भू-राजनीतिक मुद्दे अब सामान्य हो गए हैं,” आईजी एशिया के विशेषज्ञ याप जुन रोंग ने कहा.​

चांदी $80 प्रति औंस पार कर 5.7% चढ़ी, सोना $4,459 पर। तेल और रक्षा शेयरों में उतार-चढ़ाव, लेकिन समग्र रैली बरकरार.​

आगे क्या?

निवेशक शुक्रवार के अमेरिकी रोजगार डेटा का इंतजार कर रहे हैं, जो फेड के ब्याज दर फैसले को प्रभावित करेगा। एआई, सेमीकंडक्टर और कम दरों की उम्मीदें रैली को बढ़ावा दे रही हैं.​

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