Research firm Bernstein has announced that despite the recent market correction, Bitcoin (BTC) has now surpassed its traditional four-year cycle and the crypto has entered an “extended bull cycle.”
According to the company, while peaks occurred every four years in previous cycles, this time strong and consistent institutional demand is propelling the market into a more sustained upward trajectory. Bernstein considered the fact that outflows from ETFs remained below 5%, despite the approximately 30% pullback in recent weeks, a key indicator that institutional investors are not panicking and are keeping the market balanced.
In light of this outlook, the company revised its long-term price targets for Bitcoin upwards. Bernstein raised his 2026 price forecast to $150,000, while noting that the cycle could peak at $200,000 in 2027.
The analysts’ long-term projection is even more ambitious: The price target of approximately $1 million for 2033 remains intact. Bernstein argued that the current correction has not disrupted the market’s structural outlook, but rather that the new cycle is shaped by an institutional-based growth model.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/bernstein-reveals-bullish-forecast-for-bitcoin-price-despite-recent-correction/
