Bernstein Keeps Its "Ambitious" $150,000 Bitcoin Target for the End of 2026

Analysts at investment bank Bernstein have reaffirmed their "ambitious" Bitcoin target — $150,000 by the end of 2026 — despite the recent market pullback, Decrypt reports. Bernstein first set that target back on March 24, 2026, and is now simply confirming it still stands.

The gap between the current price and the target is substantial: at the time of writing, bitcoin traded around $63,836 — reaching $150,000 would require a rally of nearly 135%, CoinDesk notes.

The bank's case for the target: bitcoin's current drawdown — roughly 54% from its October 2025 peak near $125,000 — looks far milder than the 75-90% collapses typical of the end of previous cycles. Bernstein's reasoning is structural: bitcoin used to be driven mostly by retail speculation, but is increasingly shaped by spot ETFs, corporate balance sheets, and institutional capital instead — and that's changing how the asset behaves, Bloomberg explains.

The bank's longer-term outlook goes further still: roughly $200,000 by the end of 2027 and around $1 million by 2033.

This article is for informational purposes only and does not constitute investment advice.