Bernstein: The crypto bull market may continue into 2027, and Bitcoin may rise to $200,000 in one year

According to Foresight News, Bernstein analysts expect the current crypto bull market to continue until 2027, longer than the traditional four-year cycle, with drivers including U.S. policy support and accelerated institutional adoption. Analysts pointed out that Bitcoin may rise to $150,000 to $200,000 in the next year, but the market will no longer be limited to Bitcoin in the next stage, and Ethereum, Solana and DeFi tokens are expected to become the main direction of capital inflows.


The agency also raised its target price for several crypto-related companies: raised its target price of Robinhood from $105 to $160, as its crypto trading volume in July increased by 110% month-on-month to $16.8 billion, and its acquisition of Bitstamp to bring institutional customers; set the target price of Coinbase at $510, reasons including its trading volume in July exceeding $100 billion, trading revenue increased by 44% month-on-month, and expanding derivatives and driving USDC adoption; maintaining the target price of $230, and is expected to increase USDC supply from the current $68 billion to $99 billion in 2026 and $173 billion in 2027.



Bernstein said that as the U.S. pushes to become a "global crypto hub" under the Trump administration, the crypto asset cycle is expected to continue to extend, pushing the market to reach new highs from 2026 to 2027.

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