Analysts at Bernstein have made predictions about the future of the crypto market, expecting a prolonged bull cycle driven by institutional interest.
Long and Exhausting Bull Market
Bernstein's research suggests that the crypto market is looking at a 'long and exhausting' bull cycle that may extend into early 2026. Their optimism is founded on the rising institutional interest in Bitcoin and other digital assets.
Bitcoin Price Target
Bernstein maintains its ambitious target of $200,000 for Bitcoin by early 2026. While this figure may seem high, analysts refer to historical patterns and the current economic setup as factors supporting this target.
Comparison with Previous Bull Markets
Unlike previous bull cycles characterized by wild volatility, Bernstein expects this market to be 'exhausting' due to its length and complexity, indicating longer consolidation periods and slower, steadier growth.
Bernstein's forecasts highlight the importance of a strategic approach for investors in a long-term bull market shaped by institutional players.
