Research firm Bernstein has recently declared that despite the recent downturn in the market, Bitcoin (BTC) has moved beyond its traditional four-year cycle and entered what they describe as an “extended bull phase.”
The company highlights that while previous cycles saw peaks every four years, this time around, robust and steady institutional demand is driving a prolonged upward trend. Bernstein pointed out that ETF outflows have stayed below 5%, even after a roughly 30% decline in recent weeks, signaling that institutional investors remain calm and are maintaining market stability.
Based on this perspective, Bernstein has adjusted its long-term Bitcoin price predictions upwards. The firm increased its forecast for 2026 to $150,000 and suggested the cycle might reach a peak of $200,000 by 2027.
The analysts hold an even more optimistic view for the distant future: their target price of about $1 million by 2033 remains unchanged. They argue that the current correction hasn't altered the fundamental market structure but instead reflects a new growth model driven primarily by institutions.
*This is not investment advice.