Analysts at Bernstein Research have characterized the recent 25% decline in Bitcoin's value from its October 6th peak of approximately $126,000 as a short-term correction rather than a major downtrend. Despite investor concerns over historical cycle patterns, Bernstein highlights strong market fundamentals, including increased institutional holdings in Bitcoin ETFs, which have risen from 20% to 28% over the past year. The analysts note that the current market structure is more stable, with $125 billion in assets under management despite recent outflows. They also dismiss concerns about potential Bitcoin sales by Strategy, citing the company's conservative financial management. Additionally, the Trump administration's support for cryptocurrencies and favorable economic conditions contribute to a positive market outlook. Bernstein suggests the current pullback may offer a buying opportunity, with Bitcoin potentially finding support around $80,000.