Bernstein Predicts Bitcoin Price To Reach $1 Million By 2033

Bernstein has reaffirmed its long-term $1 million price target for Bitcoin by 2033, adjusting its projections on market dynamics and timing.

Key Points:

Bernstein predicts an elongated bull cycle for Bitcoin, driven by institutional buying, deviating from the traditional four-year cycle.
Despite a ~30% correction in Bitcoin's price, ETF outflows remain below 5%, indicating strong institutional holding.
The updated forecast sets a $150,000 target for Bitcoin by 2026 and a potential peak of $200,000 by 2027.
The original 2033 target of $1 million remains unchanged, though intermediate targets have been postponed due to slower-than-expected price action.
The shift suggests that Bitcoin's future growth will be anchored by ETF-driven institutional capital rather than the halving cycles.

At the time of reporting, Bitcoin was trading at $90,319.

Bitcoin price