Bernstein: Bitcoin will reach $ 1 million by 2033

Wall Street analysts believe that bitcoin BTC $75,915.98 Mezo Wrapped BTC -1.86% Market capitalization $0.1 billion VOL. 24 hours $0.7 billion has already reached the bottom of its cycle after a sharp correction and may start a new breakout. Research firm Bernstein said on March 24 that the 50% drop in price from the peak was the weakest bear market in BTC’s history. In their opinion, the current cycle has gone beyond the traditional four-year model and turned into an extended bullish trend due to sustained institutional demand that offsets panic selling by retail investors.

The report notes that despite a correction of ~30%, outflows from ETFs were less than 5%. Bernstein has raised its forecast price of bitcoin for 2026 to $ 150,000, and estimates the potential peak of the cycle in 2027 at $ 200,000. The long-term goal for 2033 remains unchanged at about $ 1 million.

Over the past 30 days, bitcoin has added $ 2,708 (4%) and is trading at around $ 70,130. Growth is supported by institutional demand, particularly from large companies and spot ETFs. This indicates a gradual strengthening of BTC’s position even after large-scale fluctuations.

To reach the projected $ 150,000 in 2026, bitcoin should more than double its value and bring its market capitalization to almost $ 3 trillion. Currently, the capitalization is about $ 1.39 trillion, and the average daily trading volume is $ 35.82 billion.

Thus, Bernstein analysts see the current correction not as the end of the cycle, but as a confirmation of its new dynamics. If institutional demand remains stable, bitcoin could enter a long-term growth trajectory that differs from previous cycles and could change the rules of the game in the cryptocurrency market.