Bernstein analysts predict Bitcoin at $150,000 by mid-2027 and approximately $300,000 at the cycle peak in 2029. In a more bullish scenario, the cryptocurrency could reach $500,000 by 2029, with a long-term target of $1 million by end of 2033. This upward trajectory would be driven by a shift in monetary regime characterized by the explosion of US debt, estimated at $40 trillion, and gradual currency debasement. Approximately 59% of BTC supply hasn’t moved in twelve months and the correction since October 2025 has been limited to 50%, compared to 75 to 90% in previous cycles. The price target on Strategy was reduced from $450 to $350 due to accelerated shareholder dilution, despite the 840,447 BTC held in treasury.
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