Halberstam became an orphan at age eight, and lived with his grandfather, the Divrei Chaim, for most of his early life.
His mentors in chasidut were his two grandfathers, the Divrei Chaim of Sanz and Rabbi Eliezer Horowitz of Dzikov.
He became the rabbi of Bukowsko in 1864, Oświęcim in 1879, Vishnitsa in 1880, where he set up a large yeshiva in 1881 and began to serve as a rebbe (Admor) there.
He left Vishnitsa and re-established his Yeshiva in Bobov where he was appointed rabbi in 1892.
He died in the summer of 1905 (1 Tamuz 5665 on the Hebrew calendar) in the resort town of Bad Nauheim and was returned to Bobov for burial.