Bitwise CIO Matt Hougan believes Bitcoin (BTC) has finally hit a bottom and could be "substantially higher" by year-end. Hougan argues that Bitcoin typically trades in four-year cycles, urging investors to adopt a long-term perspective, similar to its recovery in 2023-2024 after a significant drop in 2022. He highlights Bitcoin's 10,000% increase over the past decade as a store of value. Investment firm Bernstein also recently reiterated its $150,000 price target for Bitcoin.