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Bernstein Forecasts Bitcoin 150k by Mid-2027

Bernstein Forecasts Bitcoin 150k by Mid-2027

MGR Online•Economy•25m ago

Reader Briefing

Bernstein analysts forecast Bitcoin prices could reach 150,000 dollars by mid-2027 and 300,000 dollars in 2029 due to US public debt concerns.

  • •Bernstein predicts Bitcoin will hit 150,000 dollars by mid-2027 and 300,000 dollars in 2029 in a base-case scenario.
  • •The price driver is cited as the US public debt exceeding 40 trillion dollars, leading to currency devaluation.
  • •Bernstein lowered the target price for Strategy stock to 350 dollars from 450 dollars.
  • •Institutional flow into Spot Bitcoin ETFs is increasingly used as a hedge against currency devaluation.

Overview

  • •US public debt has surged past 40 trillion dollars, creating a debt cycle that pressures fiscal deficits.
  • •Bernstein suggests the US government and central bank may allow currency devaluation to maintain fiscal stability, driving investors toward Bitcoin.
  • •Bernstein estimates Bitcoin will reach 125,000 dollars by late 2026, 150,000 dollars by mid-2027, and 300,000 dollars in 2029.
  • •In a bullish scenario, Bernstein forecasts Bitcoin could hit 200,000 dollars by mid-2027, 500,000 dollars in 2029, and 1 million dollars by the end of 2033.
  • •Approximately 59% of Bitcoin supply remained unmoved over the past 12 months, indicating long-term holding behavior.
  • •Bernstein reduced the target price for Strategy stock to 350 dollars due to share dilution and Bitcoin cycle restructuring.
  • •Strategy currently holds 840,447 Bitcoin, representing approximately 4% of the total supply.
  • •Eric Balchunas of Bloomberg noted that investment flows to hedge against currency devaluation are replacing AI-driven enthusiasm.

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Key Entities

Organization

Bernsteinℹ️
An investment research firm that provided price forecasts for Bitcoin and Strategy stock.
Strategyℹ️
A listed company holding 840,447 Bitcoin.
Bloomberg
An organization where Eric Balchunas serves as a senior ETF analyst.
BlackRockℹ️
The issuer of the IBIT fund.
SPDRℹ️
The issuer of the GLD fund.

Person

Gautam Chhugani(เกาแตม ชูกานี)
The leader of the analyst team at Bernstein.
Eric Balchunas(อีริก บัลชูนาส)
A senior ETF analyst at Bloomberg.

Place

United States(สหรัฐ)ℹ️
A nation facing a public debt crisis exceeding 40 trillion dollars.