Bernstein Bank Predicts Bitcoin Will Exceed $125,000 by the End of 2026
Investment firm Bernstein expects the price of Bitcoin to return above $125,000 by the end of 2026. By mid-2027, it is projected to reach $150,000, and in an optimistic scenario, up to $200,000. The bank bases its forecast on the history of four-year cycles associated with halving, which it divides into four phases: breakthrough, enthusiasm, decline, and position accumulation. According to Bernstein, the market is currently in the final phase. Bitcoin has dropped 50 percent from its October 2025 peak, but has gained 28 percent in the last ten days. Smaller declines are attributed to institutional investors and corporate buyers, while in the past, the market has fallen by as much as 75 to 90 percent. Bernstein states that the price-to-marginal-cost ratio will behave similarly to previous four-year cycles.
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