Bernstein sees bitcoin reaching $150,000 by mid-2027 amid ‘debasement trade,’ but cuts Strategy target to $350

Bernstein forecasts bitcoin reaching $150,000 by mid-2027 in its base case, driven by the 'debasement trade,' with a cycle peak around $300,000 in 2029. The firm also cut its price target for Strategy to $350. The outlook reflects expectations of continued monetary expansion and investor demand for hard assets.