Bitcoin Set to Hit $125K Again This Year, Bernstein Says, With $300K on the Horizon

Wall Street research firm Bernstein believes Bitcoin is on track to climb back to $125,000 before the end of 2026, marking a full recovery to its previous record high. The prediction comes after the $BTC jumped 28% in just ten days following a roughly 50% drop from its October 2025 peak, a bounce analysts say could mark the start of a new bull run.

Bigger Players Cushioning the Fall

Bernstein pointed to growing involvement from institutional investors and corporate buyers as a key reason this downturn was milder than past crypto crashes, which typically saw drops of 75% to 90%.

Longer-Term Targets Point Even Higher

Looking further ahead, Bernstein’s base case has Bitcoin reaching $150,000 by mid-2027 and $300,000 by 2029, with a more bullish scenario putting it at $500,000 that same year. The firm’s 2033 target remains near $1 million under either outlook, based on Bitcoin’s historical four-year price cycles tied to mining reward halvings.