Brokerage firm Bernstein has lowered price targets for several listed bitcoin miners, including IREN, CleanSpark, and Riot Platforms, as their share prices have underperformed BTC so far this year. Analyst Gautam Chhugani explained that bitcoin miners have undergone a painful correction this year, falling 20-40%, while bitcoin has fallen 10%. Overall, the price action of listed miners has been disappointing. There was no significant increase in the fourth quarter of last year, and the year-to-date performance has been worse than a bitcoin correction. However, Bernstein analysts maintained their target price of $200,000 by the end of the year.