Bitcoin price prediction 2026: Bernstein sees BTC at $125,000, $1 million by 2033

Wall Street is becoming increasingly bullish about Bitcoin. Gautam Chhugani, Bernstein’s senior analyst, expects BTC to reach $125,000 by the end of 2026, rise to $150,000 by mid-2027 and potentially hit $300,000 in 2029. Its more aggressive scenario places Bitcoin at $500,000 in 2029 and $1 million by 2033.

Bitcoin Price Prediction 2026

Bernstein expects Bitcoin to reach $125,000 by the end of 2026. The prediction is based on the growing influence of spot Bitcoin ETFs, institutional investors and corporate buyers.

According to the firm, the market has changed compared with earlier cycles. Previous downturns often resulted in 75% to 90% crashes, while recent drawdowns have been closer to 50%. This means that institutional ownership may be helping create a stronger base during market corrections.

Standard Chartered has a more conservative $100,000 year-end target and says BTC to retest $126,000. Tom Lee has offered a more aggressive outlook, he sees a possibility of Bitcoin to hit $200,000–$250,000 in 2026 if it breaks away from its traditional four-year cycle.

Bitcoin Price Prediction 2027

The report also mentions that Bitcoin could reach around $150,000 by mid-2027. Whether the market can move beyond this level will depend on institutional demand, global liquidity and whether the current cycle continues expanding.