The script for Bitcoin may really need to be rewritten.
For the past decade, the "four-year cycle" that everyone regarded as a guideline has now been directly declared by Wall Street: ineffective.
Wall Street investment bank Bernstein's latest report ignited the market with one sentence: Bitcoin is heading towards an "extended bull market" driven by institutional buying, and this wave of the bull market will not last a year and a half, nor two years, but will continue all the way to 2027.
Why? Because this time the market is not retail investors experiencing passionate FOMO, but institutions steadily increasing their positions. ETFs are experiencing continuous net inflows, MicroStrategy has bought a pile again, and these are not short-term players but "heavy artillery" for long-term positioning. Even though BTC previously experienced a nearly 30% pullback, the net outflow of ETFs is surprisingly less than 5%—this means that institutions are not panicking at all; they regard Bitcoin as a strategic asset, not for short-term speculation. This ongoing accumulation is reshaping the market bottom, making Bitcoin more resilient to fluctuations than in any previous cycle.
Therefore, Bernstein directly raised its expectations:
🔹 2026: BTC will reach 150,000 USD
🔹 2027: The peak of this bull market 200,000 USD
🔹 2033: Long-term upper limit soaring to 1,000,000 USD
This is not a fanciful dream, but based on the maturity of ETFs, the improvement of custodial systems, and the stabilization of institutional demand—a "new structural market." Bitcoin is transitioning from a "halving market" to an "institutional era," and its price trajectory is becoming more like traditional assets, rather than repeated frenzied rollercoaster rides.
What do you think? Will Bitcoin really break free from the four-year fate and rush towards 200,000 or even 1,000,000 USD? Let's discuss in the comments.
