According to Cointelegraph, Bernstein, the global financial services firm, has released its latest market forecast for cryptocurrency assets. The analysis projects that Bitcoin will reclaim the $125,000 price level by late 2026.
This prediction aligns with a base case scenario suggesting Bitcoin could reach $300,000 in 2029 and potentially hit $500,000 under an optimistic bull market condition. The firm identifies the late stages of 2026 as critical for reclaiming previous highs.
The forecast implies that Bitcoin is on track to enter a new cycle peak in 2029. Under this timeline, investors might anticipate significant growth over several years following the mid-2020s valuation recovery.
Bernstein notes that these projections rely on current market dynamics and historical patterns associated with previous cycles. The firm expects Bitcoin to surpass its earlier price milestones before achieving higher valuations in subsequent periods.
The report suggests that reaching $125,000 by late 2026 serves as a foundational step toward more ambitious targets set for the end of the decade. This trajectory would indicate sustained upward momentum consistent with previous bull cycles experienced within the sector.
