Bernstein predicts Bitcoin will reach $150,000 by mid-2027 and peak at around $300,000 in 2029

Bernstein expects Bitcoin to reach a new high of $150,000 by mid-2027, followed by a peak of around $300,000 around 2029. The firm noted that this trend is related to the rise of the "debasement trade."At the same time, Bernstein maintains an Outperform rating on Strategy (formerly MicroStrategy, $MSTR), but has lowered its target price from $450 to $350, citing the updated Bitcoin cycle outlook and the accelerated dilution of the company's equity.