Bernstein Sees Bitcoin Soaring to $150K by Mid-2027 Amid Institutional Demand and Debasement Trade

Wall Street research firm Bernstein has made a bold forecast that Bitcoin could reach $150,000 by mid-2027 and approximately $300,000 at its next cycle peak in 2029. This projection is based on rising institutional ownership, resilient demand for Bitcoin ETFs during corrections, the post-halving cycle, and the emerging 'debasement trade' behind Bernstein's long-term bullish outlook.

The firm expects Bitcoin to recover to around $125,000 by the end of 2026 before reaching a new all-time high of $150,000 by mid-2027. This is despite the approximately 50% fall from its October 2025 peak near $125,000 to $126,000, which Bernstein considers a standard post-peak correction.

The combination of the four-year halving cycle and improvement in institutional demand and the 'debasement trade' are driving Bernstein's bullish case. Approximately 59% of the total supply has not moved in over a year, indicating stickier holders. Additionally, corporate treasury buildup and growth in U.S. debt may drive more demand for assets like Bitcoin and gold.

For $BTC to hit Bernstein's $150,000 mid-2027 price prediction, institutional buying and corporate hoarding must continue to be strong, and the market does not experience another massive liquidation. A sudden change in ETF flows, forced sales by companies, continued high real interest rates, financial conditions or regulatory steps that hinder institutional adoption could lead to a delay or reversal of the forecast.