Bernstein on Monday said that Bitcoin’s (CRYPTO: BTC) institutional base is solid enough to support a higher long-term trajectory, setting a new 2026 target at $150,000.
Bernstein Sees Bitcoin Entering A Longer Bull Cycle
Matthew Sigel, Head of Digital Asset Research at VanEck, quoted Bernstein’s latest report, citing that Bitcoin has broken its traditional 4-year cycle and entered “an elongated bull-cycle.”
The shift is being driven by institutional buying that has replaced the old pattern of retail-driven volatility.
The firm noted that spot Bitcoin ETFs saw only about 5% outflows during the correction, even as the asset fell from above $125,000 to around $90,000.
Bernstein updated its price forecasts, calling for Bitcoin to reach $150,000 in 2026, with a potential cycle peak of $200,000 in 2027 and a long-term price target of $1 million by 2033.
The new outlook follows an earlier research note where Bernstein described its earlier $200,000 forecast as “conservative,” underscoring how fast institutional flows have reshaped …
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