📝 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.
Bullish
🤖 90%
Bernstein's note explicitly targets Bitcoin at $125,000 by late 2026 and $300,000 by 2029 base case, with a $500,000 bull case. The forecast implies sustained upside for BTC/USD across multiple years.
Catalysts
- ▲ Bernstein forecasts $125,000 by late 2026
- ▲ Bernstein base case of $300,000 by 2029
Risk Factors
- ▼ Bitcoin fails to reclaim $125,000 if institutional inflows stall
- ▼ Regulatory tightening in major jurisdictions slows the cycle
▼ Show FAQ (3) ▲ Hide FAQ
What does Bernstein's call mean for Bitcoin's price between now and late 2026?
The forecast implies Bitcoin has room to rally toward $125,000 by late 2026, setting an interim target before the cycle peak.
What are Bernstein's base and bull case targets for Bitcoin?
Bernstein's base case is $300,000 in 2029, and the bull case is $500,000.
When does Bernstein expect Bitcoin's current cycle to peak?
Under the base case, the cycle peaks around 2029 at $300,000.