Bernstein Predicts End of Bitcoin’s Four-Year Cycle, Sets $1M Target
- Bernstein asserts that the traditional four-year cycle for Bitcoin is broken, marking a shift in market dynamics.
- The firm anticipates Bitcoin will reach $150,000 by 2026 and peak at $200,000 in 2027.
- Despite a nearly 30% market correction, ETF outflows remained below 5%, indicating strong institutional demand.
- Analysts believe that improved liquidity and custody options will support Bitcoin‘s valuation growth.
- The firm projects a long-term goal of $1 million for BTC by the year 2033.
Bernstein’s analysis suggests that institutional interest is reshaping Bitcoin‘s market behavior, moving away from halving events as primary price drivers. This trend could lead to more stable price movements during corrections.
With expectations for BTC to hit $150,000 by mid-decade and a long-term target of $1 million by the end of the decade, Bernstein highlights a significant shift in how institutions view digital assets as strategic investments rather than speculative trades.
