Bernstein Sees Bitcoin Reaching $150K by 2027, $300K by 2029

Wall Street firm Bernstein is predicting a significant future for Bitcoin, forecasting that it will reach $150,000 by mid-2027 and $300,000 by the end of 2029. According to the firm, this growth will be driven by growing institutional adoption and concerns over currency debasement.

Bernstein sees a shift from retail to institutional investors, with ETF holdings showing resilience during market corrections. The firm maintains a long-term target of $1 million by 2033, expecting Bitcoin to capture capital from gold and bonds as a store-of-value asset amid ongoing government debt and inflation pressures.