Bernstein Predicts Bitcoin to Hit $150K by 2026 as Institutional Buying Extends Bull Market
Bernstein, a leading global research and brokerage firm, has declared the end of the traditional 4‑year crypto cycle. The firm now predicts that Bitcoin could reach $150,000 by 2026, driven by an “elongated bull market” fueled by institutional buying.
Bernstein’s New Prediction
According to Bernstein, the traditional 4‑year cycle for Bitcoin is broken. Instead, the market is experiencing an elongated bull cycle, with institutional buying offsetting any retail panic selling. This shift is evident from the recent market correction, where Bitcoin saw only about 5% outflows via ETFs, indicating strong institutional conviction.
Bernstein expects Bitcoin to resume its bull run soon, with a target of $150,000 by 2026 and a potential cycle peak in 2027 at $200,000. The firm’s long‑term target for Bitcoin remains approximately $1,000,000 by 2033.
Market Dynamics
Analysts at the London Crypto Club suggest that a liquidity boost from the Federal Reserve could serve as a powerful catalyst, potentially driving Bitcoin sharply higher. The Fed’s potential rate‑cutting cycle and balance‑sheet expansion are seen as positive factors for the cryptocurrency market.
Technical Analysis
Technically, Bitcoin’s weekly chart shows the cryptocurrency holding above the critical $78,000 support level, indicating a positive long‑term trend. The 20‑week and 50‑week simple moving averages (SMAs) also suggest that the long‑term trend remains intact despite recent corrections.
Other Notable Projects
The article also mentions Pepenode, a gamified mine‑to‑earn meme coin presale on Ethereum, which has raised over $2.3 million despite challenging market conditions. This project is capturing the community‑driven momentum that propelled other meme coins to significant gains.
Conclusion
In conclusion, with institutional buying driving an elongated bull market, Bernstein’s updated Bitcoin price prediction suggests a bright future for the cryptocurrency. However, investors should always conduct their own research and consider the risks before making any investment decisions.
