Wall Street bullish camp gains another member! BTIG firmly believes that the market bottom has been confirmed, and shouts that now is the time to go on the offensive.

Following Goldman Sachs and Citadel Securities, BTIG has become the latest institution to release an optimistic signal to American stock market investors, joining the bullish camp. BTIG Chief Market Strategist Jonathan Krinsky said, "The market bottom has been confirmed, it is now time to go on the offensive." These comments were made as the S&P 500 index rebounded from the previous trading day's low point. On Wednesday, this benchmark index rose by 0.8%, surpassing the 6800-point mark. Krinsky pointed out in a report to clients that the index had broken through key technical levels, indicating that even if there were further pullbacks, there is a high probability of a quick rebound, setting a "bear trap" for those betting on a decline. Better-than-expected labor market data and expansion in service sector activity helped the S&P 500 index recover from Tuesday's decline. These positive data points partially offset market concerns about ongoing conflict between the US and Iran in the Middle East. A piece of news early on Wednesday further boosted market sentiment: reports indicated that Iran's intelligence department had contacted the US to discuss ending hostile actions. However, Iran later denied this report. Meanwhile, as the Middle East conflict entered its fifth day, despite the unclear timeline for actions, US President Trump expressed confidence in the military action against Iran. After recent market turbulence, Krinsky's bullish view aligns with several other institutions. Previously, Goldman Sachs' strategy team led by Peter Oppenheimer advised investors to view any market pullback as a buying opportunity rather than the beginning of a bear market. Additionally, Citadel Securities' Scott Rubner also stated that their fundamental market analysis showed that it was the right time to turn bullish on US stocks. Krinsky believes that with the S&P 500 index reclaiming key support levels, multiple sectors have found the bottom. "We believe that the aerospace, consumer, banking, cryptocurrency, software, and Chinese stocks sectors have bottomed out, while the energy and consumer goods sectors show signs of a temporary peak," Krinsky wrote. Affected by conflict concerns, energy stocks benefited from rising oil prices, with a cumulative increase of 25% since 2026. Meanwhile, the industrial sector, including aviation stocks, was dragged down by the rise in oil prices, with a drop of up to 2.5% over three trading days. Overall, the S&P 500 index has shown weak performance since October of last year. Traders continue to watch whether the index can hold above the milestone of 7000 points, although it briefly broke this level in late January, the closing gains have since narrowed. The Citigroup strategy team led by Scott Chronert acknowledged that there are still risks in the market in the short term, but also pointed out that despite concerns about AI impact, significant sell-off in software stocks, the S&P 500 index has remained relatively flat so far this year. "The key to breaking the current market situation lies in internal rotation, but if the rising oil prices continue to affect inflation, Fed policy, and the economic landscape, this rotation pattern will face challenges," Chronert stated in a client report. "Therefore, we need to observe further developments in the situation to more accurately assess its ultimate impact."