Wall Street Investment Bank Predicts Bitcoin’s Next Price Milestone: $200,000!

　　On Tuesday Eastern Time, Bernstein analyst Gautam Chhugani and his digital asset team stated that they believe Bitcoin will reach a cycle peak between $150,000 and $200,000 within the next 6 to 12 months, describing this "long and exhausting bull market" for cryptocurrencies as lasting until 2027.

　　 Bernstein analysts wrote:

　　"We believe we are in the midst of a digital asset revolution supported by regulatory reforms."

　　"Now we believe the Trump administration is in critical mission mode (including SEC/CFTC) to make the U.S. the world’s cryptocurrency capital, so the market peak is still far away. We expect a long-term bull market in the cryptocurrency market, lasting until 2026, and potentially peaking in 2027."

　　 Bitcoin briefly broke through the $124,000 mark last week, soaring to record levels. One of the main reasons behind this is U.S. President Trump’s executive order, which opened the door for cryptocurrencies and other alternative assets to enter the 401(k) plans of millions of Americans.

　　 In late July, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins announced "Project Crypto," an initiative aimed at creating "clear and simple rules of the road" for crypto assets.

　　 Meanwhile, the GENIUS Act, signed into law by Trump last month, created the first federal framework for dollar-backed stablecoins, marking another important milestone.

　　 This week, Bitcoin’s price retreated from its highs. As of the time of writing, Bitcoin is hovering around $113,000.

　　"We believe we are still in the early stages of the crypto cycle," Chhugani wrote in the report. "We still believe Bitcoin will hit new highs (above $124,000) during the remainder of this year."