Bernstein Forecasts Bitcoin to Hit $150,000 by Mid-2027 and Peak at $300,000 by 2029

Bernstein projects that Bitcoin will reach a new high of $150,000 by mid-2027, eventually peaking at approximately $300,000 around 2029. The firm attributes this trajectory to the rise of the debasement trade. Additionally, Bernstein maintains an Outperform rating on MicroStrategy, though it lowered the price target from $450 to $350, citing updated Bitcoin cycle expectations and accelerated equity dilution.