Bernstein Predicts Bitcoin Could Hit $300K by 2029 and $1M by 2033
TLDR
- Bernstein expects Bitcoin to hit $150,000 by mid-2027 and $300,000 by 2029 in its base case
- A bull case scenario puts Bitcoin at $500,000 in 2029 and $1 million by 2033
- Rising government debt and currency debasement are key drivers behind the bullish outlook
- Bernstein cut its Strategy price target from $450 to $350, citing equity dilution
- BlackRock’s spot Bitcoin ETF and gold ETFs are re-entering the top 10 most-traded ETFs
Bernstein analysts led by Gautam Chhugani published a note to clients forecasting Bitcoin will reach $125,000 by end of 2026. They then see it climbing to a new all-time high of $150,000 by mid-2027.
Bernstein Sees Bitcoin at $150K by Mid-2027, Cuts Strategy Price Target to $350
Bernstein analysts expect Bitcoin to reach roughly $125k by the end of 2026, a new high of $150k by mid-2027 and a cycle peak of around $300k in 2029 under their base case.
If currency debasement… pic.twitter.com/9kyPs8rpQP
- Wu Blockchain (@WuBlockchain) August 26, 2026
The firm’s base case projects a cycle peak of around $300,000 in 2029. Their longer-term forecast puts Bitcoin at $1 million by the end of 2033.
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