Bitcoin (BTC) briefly reached $80,000 last week, marking a return to bullish momentum after several months of relative stability. Although its price has recently adjusted to $78,000, optimism
Bitcoin (BTC) briefly reached $80,000 last week, marking a return to bullish momentum after several months of relative stability. Although its price has recently adjusted to $78,000, optimism among major Wall Street analysts has intensified, with many predicting significant gains for the original cryptocurrency by the end of the year.
Bernstein, a global asset management firm overseeing $800 billion in assets, expects Bitcoin to hit $125,000 by the end of this year. This projection would represent a 60% growth from current levels. Bernstein’s analysts believe Bitcoin may reach a new all-time high of $150,000 by mid-2027, and they have set a long-term target of $300,000 for 2029. Looking even further, the firm forecasts Bitcoin could climb to $1 million by 2033, aligning their projections with the cryptocurrency’s typical four-year market cycles.
Mini dictionary: Bernstein is a major financial research and wealth management provider known for its detailed forecasting and institutional research reports.
Bernstein projects that Bitcoin could reach $125,000 by the end of this year, followed by $150,000 in 2027, $300,000 in 2029, and possibly $1 million by 2033 as part of its four-year cycle model.
Standard Chartered has also published a bullish forecast, stating Bitcoin could reach $100,000 before year end. The bank highlighted a potential for the asset to retest its $126,000 peak. Meanwhile, Pantera Capital issued its own long-term projection of $740,000 for Bitcoin, indicating strong expectations across multiple financial institutions.
InstitutionEnd of 2026 TargetMid-2027 Target2029 TargetLong-term TargetBernstein$125,000$150,000$300,000$1 million (by 2033)Standard Chartered$100,000$126,000 (retest)——Pantera Capital———$740,000Bitcoin’s recent surge followed a White House event focused on cryptocurrencies, where US President Donald Trump told attendees the country could consider purchasing large amounts of Bitcoin and other digital assets. The announcement contributed to rising investor confidence and positive sentiment across the sector.
President Trump’s statement at the White House event about a potential US government investment in cryptocurrencies has played a key role in recent market optimism.
Another contributing factor to Bitcoin’s price momentum is the US Treasury’s decision to increase government bond buybacks. This move increased financial liquidity, which some analysts believe has partially flowed into the cryptocurrency markets. However, analysts have cautioned that when the Treasury eventually replenishes its cash reserves, liquidity may shift away from riskier assets, potentially leading to a price correction in Bitcoin.
The post Bernstein predicts Bitcoin to hit $125,000 by year end, Standard Chartered targets $100,000 appeared first on COINTURK NEWS.
