The current bullish trend in the cryptocurrency market is expected to continue until 2027, according to analysts at Bernstein, reports The Block.
Experts believe that Bitcoin’s price will reach between $150,000 and $200,000. Bernstein noted that a key driver will be the policy of the US administration under President Donald Trump, which intends to transform the United States into the “crypto capital of the planet.”
On August 14, the first cryptocurrency reached a historic high of $124,128. At the time of writing, the price had decreased by 6.9% to $115,624.
Unlike previous cycles, the bullish trend will affect not only Bitcoin but also Ethereum, Solana, and DeFi tokens, the specialists emphasized.
Other Bernstein Forecasts
Analysts also raised target prices for cryptocurrency companies’ stocks. For Robinhood, the figure increased from $105 to $160, citing the growth of digital asset turnover on the platform in July to $16.8 billion.
“Robinhood’s diversified model offers the advantages of the crypto market without the volatility of pure exchange players,” noted Bernstein.
For Coinbase, they set a target of $510 per share, noting trading volumes over the past month exceeding $100 billion and a 44% increase in transactional revenue compared to the average of the previous quarter.
Experts highlighted that key factors for the crypto exchange’s success in the second half of the year were the acquisition of Deribit for $2.9 billion and the expansion of platform functionality.
The forecast for Circle, the issuer of USDC, remained at $230. The stablecoin’s turnover could grow to $173 billion by 2027, the specialists stated.
Earlier, on August 12, Bernstein analysts identified the main beneficiary of Ethereum’s growth. According to them, Coinbase gained the most from the ether rally.