Bernstein: Bitcoin Could Rebound to $125,000 by End-2026, $150,000 Seen by Mid-2027

Bernstein says Bitcoin could return to $125,000 by the end of 2026, implying roughly 46% upside from current levels. The Wall Street research firm also projects $150,000 by mid-2027, pointing to a market structure increasingly shaped by institutional ownership and easier access through ETFs. The call comes with Bitcoin still about one-third below its October 2025 peak. BTC dipped back toward $85,300 on Tuesday as a firmer U.S. dollar and lingering inflation worries weighed on risk assets. Reclaiming the prior high quickly Bernstein's $125,000 target would effectively require Bitcoin to retake its previous record in under three months. The bullish narrative has strengthened after BTC rallied more than 40% from its early-2026 lows. Bitcoin has also posted a "golden cross", with the 50-day moving average rising above the 200-day average, a technical pattern often linked to improving long-term momentum. The rebound follows a sharp shift in ETF flows. U.S. spot Bitcoin ETFs drew about $6.34 billion in Q3, reversing roughly $5 billion in net outflows from the prior quarter. Citi has also turned more constructive, lifting its 12-month Bitcoin target to $113,000 from $82,000, citing stronger crypto activity, a better macro backdrop, and renewed ETF inflows. $87,000 remains the first hurdle Near-term price action is less aggressive than Bernstein's longer-term outlook. Bitcoin has repeatedly stalled in the $87,000–$87,500 area, leaving that band as the first resistance buyers need to clear before $90,000 becomes a more realistic near-term objective. The same zone recently capped another rally even as U.S. employment data softened and ETF demand improved.