Bernstein: Bitcoin has broken the 4-year cycle pattern, and this bull market may reach a peak of $200,000 in 2027.

BlockBeats News, December 8, Wall Street institution Bernstein pointed out in its latest analysis report: “Given the recent market correction, we believe the Bitcoin cycle has broken the four-year pattern (that is, a peak every four years), and is currently entering a prolonged bull market cycle, with more sticky institutional buying offsetting any panic selling by retail investors. Although Bitcoin has pulled back about 30%, we observe that outflows through ETFs are less than 5%. Based on this, we have adjusted our Bitcoin price target for the end of 2026 to $150,000, and expect the peak of this cycle may reach $200,000 in 2027. We maintain our long-term (to 2033) Bitcoin price target expectation at around $1,000,000.”