Bernstein: The Bitcoin bull market is not over, looking at '$200,000', analysts confirm: $100,000 is the iron bottom for this cycle.

Wall Street investment bank Bernstein believes that the current downturn is just a minor episode on the road to a bull market, with Bitcoin expected to soar between $150,000 and $200,000 within the next year. Meanwhile, renowned cryptocurrency analyst BitQuant also stated that Bitcoin 'will not fall below' $100,000 during this recent correction. (Background: CryptoQuant analyst: Bitcoin returning to the $115,000 level, futures cooling down! Waiting for the Federal Reserve's speech on Friday) (Additional context: U.S. policy nuclear bomb proposal: Suggesting Trump use tariffs from other countries to 'increase Bitcoin holdings' to ensure America is great) Recently, the cryptocurrency market has been bleak, with Bitcoin's price temporarily falling below $115,000, and Ethereum's strong rally also stalled, with prices dipping below $4,200, intensifying investor anxiety. However, despite the significant market correction, Wall Street investment bank Bernstein believes that the current downturn is just a minor episode in the bull market. In its latest report, Bernstein reaffirmed its previous judgment, stating that this bull market is 'long and exhausting,' but the upward path for Bitcoin is far from over. Long Bull Market, Peak Expected in 2027 The report indicates that Bitcoin still has tremendous upside potential, expected to soar between $150,000 and $200,000 within the next year. Analysts Gautam Chhugani and Mahika Sapra explained that the shift in the U.S. policy environment is an important driving force for Bitcoin's rise, especially as the Trump administration is striving to make America the 'global cryptocurrency capital.' This will open up unprecedented development space for digital assets, with the bull market potentially continuing until 2026 and peaking in 2027. Furthermore, Bernstein also predicts the possibility of an altcoin season, believing that the enthusiasm in the cryptocurrency market will not be concentrated solely on Bitcoin. Ethereum, Solana, and decentralized finance (DeFi) tokens are also expected to lead the next wave of growth, driving continuous capital inflow into trading platforms and stablecoin issuers. Bernstein is Optimistic About Three Major Cryptocurrency Stocks It is worth mentioning that Bernstein is equally confident about stocks related to cryptocurrencies, specifically naming three giants: Robinhood (HOOD), Coinbase (COIN), and stablecoin issuer Circle (CRCL). First is Robinhood, for which Bernstein raised its target price from $105 to $160. Bernstein pointed out that Robinhood has gained a large number of institutional users through its acquisition of Bitstamp and has launched staking and tokenized products in Europe, which is considered key to its growth. Second is Coinbase, for which Bernstein set a target price of $510 per share. Bernstein noted that Coinbase's trading volume in July exceeded $100 billion, with trading revenue increasing by 44% compared to the previous quarter. At the same time, Coinbase is actively expanding its derivatives business, including perpetual futures and the acquisition of the Deribit options platform, along with promoting the adoption of USDC, all of which will drive its growth in the second half of 2025. Lastly, for Circle, Bernstein maintained its target price at $230 and predicted that the supply of its stablecoin USDC will grow from the current $68 billion to $99 billion by 2026, and could reach $173 billion by 2027. As an important player in the DeFi market, Circle's collaboration with banks and payment providers, as well as the growth of its newly launched Arc blockchain and on-chain settlement market, will be its long-term advantages. BitQuant's Statement: Bitcoin Will Not Fall Below $100,000 Additionally, it is worth mentioning that the well-known cryptocurrency analyst BitQuant, who accurately predicted that Bitcoin would reach a new high in 2024, expressed an optimistic view on the X platform, stating that Bitcoin 'will not fall below' $100,000 during this recent correction: 'It won’t go below $100,000 in this cycle, regardless of how news, the Fed, or inflation affects investor sentiment.' Bitcoin isn’t going below $100K — not in this cycle. Doesn’t matter the news, the Fed, or inflation… https://t.co/M4GeexZzFZ — BitQuant (@BitQua) August 18, 2025 He also predicted that Bitcoin will surge to $145,000 in 2025, and could even reach a peak of $250,000 during this cycle. 'What comes after $145K?' — a question asked by those who never survived a 10% volatility on the way there. https://t.co/WsVESAqNVK — BitQuant (@BitQua) August 18, 2025 Related Reports: Public medical company KindlyMD completes $200 million convertible bond: will use it to increase Bitcoin holdings, stock price falls instead of rising. Breaking $100,000 for a hundred days but no one cares, why are retail investors absent from this Bitcoin bull market? MicroStrategy has issued $6 billion in perpetual special stock to raise funds to buy Bitcoin. 'Bernstein: Bitcoin bull market is not over, looking at $200,000,' analyst confirms: $100,000 is the iron bottom for this cycle. This article was first published by BlockTempo (the most influential blockchain news media).