Step 1: Understand Bernoulli's theorem.
Bernoulli’s theorem states that for an incompressible, frictionless flow, the total mechanical energy along a streamline is constant. The total energy consists of the pressure energy, kinetic energy, and potential energy.
\[
P + \frac{1}{2} \rho v^2 + \rho gh = \text{constant}
\]
Where \( P \) is the pressure, \( \rho \) is the density, \( v \) is the velocity, and \( h \) is the height.
Step 2: Conclusion.
Bernoulli's theorem is based on the principle of the conservation of energy.
Final Answer:
\[
\boxed{\text{Energy}}
\]