Bernstein Says Bull Cycle Will Be "Long and Grueling", Reveals Bitcoin (BTC) Target!

Leading cryptocurrency Bitcoin started "US Crypto Week" with new records, and the rise is expected to continue. At this point, Wall Street-based asset manager Bernstein predicted that Bitcoin would reach $200,000, driven by the corporate boom. According to The Block, Bernstein predicted that Bitcoin could reach $200,000 by the end of 2025 or the beginning of 2026. He expects factors such as increased institutional adoption, regulatory clarity, and increased blockchain integration to be influential in this rise. Analysts said this cycle will differ from past retail investor-led bull runs. Bernstein analysts noted that this crypto bull cycle could extend into 2026, driven by increased institutional adoption rather than the influence of retail investors. "A long and grueling crypto bull market is on the horizon. Bitcoin could reach $200,000 by the end of 2025 or early 2026. The bull market is no longer driven by individuals, but by institutional adoption.” Analysts also said that Bitcoin will continue to be the world's monetary reserve asset and be adopted as a reserve asset due to its increasing institutional adoption and its ability to act as a global hedge against inflation. “As institutional adoption increases, incorporating Bitcoin into portfolios will become a trend. This further supports our $200,000 projection. Additionally, increased regulatory clarity on crypto assets in the United States will further accelerate institutional adoption.” *This is not investment advice. [The Block]