Wall Street giant says Bitcoin to $200,000 is ‘highest conviction’ for this cycle
Wall Street brokerage Bernstein has projected that Bitcoin (BTC) could climb as high as $200,000 in the current market cycle, calling it the firm’s strongest conviction bet on digital assets. Analysts Gautam Chhugani and Mahika Sapra forecast the cryptocurrency rising to a range of $150,000 to $200,000 within the next year. Such an outlook implies an 82% rally from Bitcoin’s current price of about $115,547. Bitcoin seven-day price chart. Source: Finbold Additionally, they expect the bull market to extend through 2026, with a possible peak in 2027, supported by regulatory clarity, institutional adoption, and government backing. “Our highest conviction view remains Bitcoin at $200k this cycle. <…> We expect a long crypto bull market, continuing the surge into 2026 and potentially peaking in 2027,” the analyst said. Unlike past rallies tied mainly to Bitcoin’s halving cycles, Bernstein described the current uptrend ...