The recent pullback in digital assets has sparked debate over whether momentum is fading, but Bernstein analysts argue the long-term trend remains intact.
In a new report, the firm said the crypto bull cycle may extend into 2027, driven by supportive U.S. policies and accelerating institutional involvement.
Bernstein expects Bitcoin to remain the market’s primary engine in the near term, projecting the flagship token could hit between $150,000 and $200,000 within the next year.
Once BTC tops out, analysts believe Ethereum, Solana, and DeFi tokens will take the lead in fueling the next phase of growth.
Institutional demand continues to be a major catalyst. Spot Bitcoin ETFs in the U.S. have funneled billions into the market this year, and trading platforms are seeing record activity.
Bernstein raised its price targets for crypto-linked companies, setting $510 for Coinbase, $160 for Robinhood, and $230 for Circle, citing July’s sharp surge in volumes and expanding product offerings.
Robinhood’s crypto trading volume more than doubled last month, hitting $16.8 billion, while Coinbase crossed $100 billion in July transactions, lifting revenue estimates by 44% compared to the prior quarter.
Despite near-term volatility triggered by macroeconomic data such as U.S. PPI, Bernstein maintains that the structural outlook is bullish — with digital assets poised to remain on an upward trajectory through 2027.
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Source: https://coindoo.com/crypto-bull-market-could-run-until-2027-bernstein-predicts/