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Bernstein expects BTC to break above its all-time high and reach $150,000 by mid-2027, then peak at around $300,000 around 2029, The Block reported. The global investment bank attributed the outlook to the rise of the “debasement trade.”
Bernstein also maintained an Outperform rating on Strategy while cutting its price target to $350 from $450, citing its revised Bitcoin cycle outlook and faster stock-value dilution, according to the report. Bernstein has forecast since last year that BTC would rise to $150,000.