Bitcoin price could reach $150K by mid-2027: Bernstein

Bitcoin has been projected to reach $150,000 by mid-2027 and climb toward $300,000 in 2029 under Bernstein’s base-case forecast. Summary Bernstein expects Bitcoin to reach $125,000 by year-end and $150,000 by mid-2027. A currency-debasement scenario could lift BTC to $200,000 in 2027 and $500,000 in 2029. Institutional ownership, ETF access and long-held supply support the firm’s bullish forecast. Bernstein cut its Strategy price target from $450 to $350, citing accelerated equity dilution. Bernstein analysts led by Gautam Chhugani said in an Aug. 26 client note that Bitcoin could recover to around $125,000 by the end of 2026 before setting a record near $150,000 in mid-2027. The Wall Street research firm expects the asset to maintain its historical four-year cycle under its base case. Using a model tied to Bitcoin’s marginal production cost, the analysts placed the next cycle peak at approximately $300,000 in 2029. Although the projection assumes Bitcoin follows its established market cycle, Bernstein presented a second path in which institutional demand and concerns about government debt accelerate the price increase. Under the more bullish scenario, BTC could reach $200,000 by m...