📝 Executive Summary
Bernstein expects Bitcoin to reclaim $125,000 by late 2026 before reaching $300,000 in 2029 under its base case, with a bull case of $500,000.
Bernstein projects Bitcoin to reclaim $125,000 by late 2026 and reach $300,000 by 2029 under its base case, with a bull case of $500,000, signaling a delayed cycle peak for the cryptocurrency market overall.
Bernstein expects Bitcoin to reclaim $125,000 by late 2026 before reaching $300,000 in 2029 under its base case, with a bull case of $500,000. This anchors a long-term bullish trajectory and points to a cycle peak later than prior halving cycles.
Bernstein's base case sees Bitcoin reaching $300,000 by 2029, after reclaiming $125,000 by late 2026.
The bull case target is $500,000, which implies significant upside from the base case and points to a stronger adoption cycle.
Bernstein expects Bitcoin to reclaim $125,000 by late 2026 before reaching $300,000 in 2029 under its base case, with a bull case of $500,000.
Bernstein projects Bitcoin will reclaim $125,000 by late 2026 and hit $300,000 by 2029 under its base case, with a bull case of $500,000.
It implies a delayed cycle peak relative to prior halving cycles and anchors a long-term bullish trajectory for institutional investors.
The base case sees Bitcoin at $300,000 by 2029, while the bull case doubles that to $500,000, reflecting a more aggressive adoption scenario.