₿ Crypto 🌍 GLOBAL

Bernstein Forecasts Bitcoin at $125K by Late 2026, $300K in 2029

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.

🕐 1 min read 📰 Cointelegraph

1 assets impacted (Crypto). Net bias: 1 Bullish, 0 Bearish, 0 Neutral. Strongest signal: BTC/USD ↑ 7/10 (70% confidence).

📊 Affected Assets (1)

BTC/USD
Bullish 🤖 70%
🗓️ Long-term 🌍 Global · Explicit

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.

Risk Factors
  • Regulatory crackdowns or bans on Bitcoin trading in major markets
  • A faster-than-expected macro tightening cycle dampening speculative assets
▼ Show FAQ (2) ▲ Hide FAQ
What is Bernstein's base case for Bitcoin by 2029?

Bernstein's base case sees Bitcoin reaching $300,000 by 2029, after reclaiming $125,000 by late 2026.

What is the bull case price target for Bitcoin?

The bull case target is $500,000, which implies significant upside from the base case and points to a stronger adoption cycle.

🎯 Key Takeaways

  • Bernstein expects Bitcoin to reclaim $125,000 by late 2026, ahead of a cycle peak.
  • The base case forecast calls for Bitcoin to reach $300,000 by 2029.
  • The bull case scenario projects $500,000, implying stronger adoption or supply constraints.
  • The forecast points to a delayed cycle peak relative to previous Bitcoin halving cycles.

📝 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.

❓ FAQ

What did Bernstein forecast for Bitcoin?

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.

Why is this forecast important for the crypto market?

It implies a delayed cycle peak relative to prior halving cycles and anchors a long-term bullish trajectory for institutional investors.

What is the difference between the base case and bull case?

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.