Bitcoin to $150K by 2027? What Bernstein’s Forecast Means for BTC Investors

On August 26, 2026, Wall Street research firm Bernstein, led by analyst Gautam Chhugani, forecast Bitcoin ($BTC) could reach $150,000 by mid 2027 and approximately $300,000 at the next cycle peak in 2029. Bernstein calls $150,000 its base case, citing rising institutional ownership, resilient Bitcoin ETF demand during corrections, the post halving cycle and the emerging “debasement trade” behind its long term bullish outlook.

Why Does Bernstein Still See $BTC Reaching $150K by 2027 After the Correction?

Bernstein’s research note forecasts Bitcoin to hit $150,000 by mid 2027 as its base case despite the correction from its October 2025 peak near $125,000 to $126,000. The firm expects $BTC to recover to around $125,000 by the end of 2026 before reaching a new all time high of $150,000 by mid 2027. Bernstein considers the approximately 50% fall as a standard post peak correction, which is less severe than the 75% to 90% pullbacks during prior cycles.

The bullish case is a combination of the four-year halving cycle and the improvement of institutional demand and the “debasement trade.” Bitcoin ETFs have seen outflows less than 5% during corrections, and approximately 59% of the total supply has not moved in over a year, indicating stickier holders. Bernstein also notes that corporate treasury buildup and a growth in U.S. debt may drive more demand for assets like Bitcoin and gold.