Bernstein: Bitcoin Has Broken the Four-Year Cycle Pattern, This Bull Market May Reach a Peak of $200,000 in 2027

ChainCatcher News, Wall Street institution Bernstein pointed out in its latest analysis report: "Given the recent market correction, we believe the bitcoin cycle has broken the four-year pattern (i.e., a peak every four years), and is now entering a prolonged bull market cycle. More persistent institutional buying is offsetting any panic selling from retail investors. Although bitcoin has pulled back by about 30%, we have observed that outflows through ETFs are less than 5%. Based on this, we have adjusted our bitcoin price target for the end of 2026 to $150,000, and expect the peak of this cycle could reach $200,000 in 2027. Our long-term (to 2033) price target for bitcoin remains at approximately $1,000,000."