ChainCatcher reports that Bernstein expects Bitcoin to reach a new high of $150,000 by mid-2027, peaking around $300,000 around 2029. The firm attributes this trajectory to the rise of the "debasement trade." Bernstein maintains its Outperform rating on Strategy (formerly MicroStrategy, $MSTR), but has lowered its price target from $450 to $350, citing updated Bitcoin cycle projections and accelerated equity dilution at the company.
Bernstein forecasts Bitcoin to reach $150,000 by mid-2027 and peak at $300,000 by 2029.
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Summary
Bernstein forecasts Bitcoin to reach $150,000 by mid-2027 and $300,000 by 2029, citing the "debasement trade." The firm maintains an Outperform rating for Strategy but lowers its price target to $350. Analysts suggest that altcoins to watch could benefit from a bullish Fear & Greed Index amid growing institutional interest.
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