Bernstein: Bitcoin will reach $150,000 by mid-2027 and peak at around $300,000 in 2029

Bernstein expects Bitcoin to reach a new high of $150,000 by mid-2027, followed by a peak of around $300,000 around 2029. The agency pointed out that this trend is related to the rise of the "debasement trade."

At the same time, Bernstein maintains an Outperform rating on Strategy but has lowered its target price from $450 to $350, citing the updated Bitcoin cycle outlook and the accelerated equity dilution of the company.