Flash forecast from a US-based giant financial institution for Bitcoin: will exceed $150,000

While bullish momentum continues in the Bitcoin market, U.S. financial firm Bernstein shared a striking projection for the future. The firm forecasted a strong increase in Bitcoin's price in the coming years.

First Target: 150,000 Dollars

According to Bernstein's estimate, Bitcoin is expected to reach the 150,000-dollar level in the middle of 2027. The firm's longer‑term expectation is well above that.

The financial firm projected that Bitcoin could rise to as high as 300,000 dollars by 2029. This forecast bolstered expectations of a long‑term rally in the cryptocurrency market.

Interest from Institutional Investors is Growing

Bernstein highlighted that institutional investor interest in Bitcoin is steadily increasing. According to the firm, this demand could play a significant role in Bitcoin's performance in the coming period.

In the report, it was assessed that high public debt and potential devaluation in traditional currencies could also increase demand for assets with limited supply.

Bernstein, noting that Bitcoin's limited supply could make it stand out more for investors in such economic conditions, drew attention with a $300,000 price target for 2029.