Bitcoin Bottoming Signal Emerges as Bernstein Says Crypto Firms Are Innovating Revenue Models Amid Bear Market

COINOTAG News reports that investors await a definitive signal that Bitcoin has found a bottom, but the current downturn is distinct. Core crypto operating companies are accelerating pivot strategies, moving toward new revenue models and broader monetization beyond simple trading. The shift is grounded in stronger operational discipline and more robust balance sheets, supporting credibility during a volatile cycle.

Despite near-term pressure, Bernstein contends that the bulk of speculative excess tends to cluster in late-stage momentum plays, and the core projects’ long-term viability remains credible, with real-world demand underpinning value, as Coinbase down 21%, Circle down 37%, and Robinhood down 12% in the past 30 days.

Looking ahead, the firm highlights a clear performance gap between market prices and actual operations. With ongoing regulatory tailwinds and ongoing business model innovation, players are expanding into non-transaction revenue streams, signaling a maturation phase where fundamentals step ahead of price dynamics.