- Bernstein revises Bitcoin’s price target, extending the bull market outlook.
- Institutional demand is offsetting retail panic selling.
- Bitcoin projected to reach $1 million by 2033.
Bernstein’s latest analysis suggests Bitcoin has entered an extended bull market cycle, predicting price targets of $150,000 by 2026 and $200,000 by 2027.
This revised forecast challenges traditional four-year cycles, highlighting increased institutional investments amid retail sell-offs, potentially influencing long-term Bitcoin market dynamics.
Extended Bitcoin Bull Market Driven by Institutional Demand
Bernstein, a significant player on Wall Street, has positioned itself at the forefront of Bitcoin analysis by highlighting an adjustment in the digital currency’s market cycle. The firm is led in this direction by analyst Gautam Chhugani, who has constructed a compelling narrative that challenges Bitcoin’s historic four-year halving cycles. Bernstein forecasts Bitcoin to hit $150,000 by the end of 2026, potentially peaking at $200,000 in 2027.
With current market conditions showing a 30% retracement, Bernstein sees minimal impact from ETF outflows, marked by less than 5%. The firm attributes its bullish outlook on institutional buying, which it views as offsetting any retail panic. This shift underscores a more prolonged bull market cycle, deviating from the previous four-year trends.
“The fear of the 4-year halving cycle has turned into a self-fulfilling prophecy, causing unnecessary selling.” – Gautam Chhugani, Senior Research Analyst, Bernstein Research
On the community front, while major crypto figures have not directly responded to Bernstein’s latest forecast, the crypto community broadly speculates on the cryptocurrency’s potential rise. Institutional interest in Bitcoin is consolidating the sentiment of a robust bull phase, aligning with several long-term bullish theses from notable market participants.
Bitcoin Forecasted to Break $1 Million by 2033
Did you know? In challenging the four-year cycle, Bernstein’s new outlook aligns with emerging narratives that emphasize the role of institutional demand in preventing steep market downtrends traditionally seen post-halving events.
Bitcoin, currently priced at $90,320.18 with a market cap of formatNumber(1802737114642.67, 2), dominates 58.60% of the market. Despite its 11.42% decline over the past 30 days, Bitcoin remains pivotal in shaping broader economic narratives. These metrics, sourced from CoinMarketCap, reflect Bitcoin’s recent volatility and current position in the crypto space.
Coincu’s research indicates that Bitcoin’s projected rise could fortify digital asset frameworks within financial sectors. This underscores the vital intersection of technology and finance, propelling advanced monetary policies and realigning Bitcoin’s role as a global hard-currency reserve.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
No tags available.
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- Paradigm Stakes $700 Million in HYPE, Shaking Up Crypto Governance
- Coinbase Launches Monad Token Sale Amidst Industry Speculation
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- Paradigm Stakes $700 Million in HYPE, Shaking Up Crypto Governance
- Coinbase Launches Monad Token Sale Amidst Industry Speculation
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- Paradigm Stakes $700 Million in HYPE, Shaking Up Crypto Governance
- Coinbase Launches Monad Token Sale Amidst Industry Speculation
Latest
Fed’s Expected Rate Cuts May Boost Crypto Rebound, Analysts Suggest
Press Release
Moca Network Launches MocaProof Beta, the Digital Identity Verification and Reward Platform
SemiLiquid Unveils Programmable Credit Protocol, Built with Avalanche, Advancing Institutional Credit on Tokenised Collateral
