Bitcoin records 43% quarterly gain, fueling speculation of $147,000 target

Bitcoin has surged approximately 43% in the third quarter of 2026, marking its strongest quarterly performance since the launch of US spot Bitcoin ETFs. Despite rising Treasury yields and underperformance in traditional assets like the S&P 500 and gold, Bitcoin saw renewed institutional demand and a shift in ETF flows from net outflows to inflows. Ethereum also showed significant growth, outperforming Bitcoin as the market rally expanded.