Wall Street research firm Bernstein expects Bitcoin to stage a full recovery from its latest bear cycle, reclaim its 2025 high of $125,000 by late 2026, and reach $300,000 at the peak of the
Wall Street research firm Bernstein expects Bitcoin to stage a full recovery from its latest bear cycle, reclaim its 2025 high of $125,000 by late 2026, and reach $300,000 at the peak of the next cycle in 2029, according to a research report published Wednesday.
Under both its base and bull scenarios, Bernstein places Bitcoin back at $125,000 before the end of 2026. From there the two paths diverge: the base case projects $150,000 by mid-2027 and a cycle peak of around $300,000 in 2029, while the bull case puts Bitcoin at $200,000 by mid-2027 and $500,000 in 2029. Bernstein maintained its longer-term target of roughly $1 million by 2033 under both scenarios.
