Recent forecasts from "Bernstein" analysts on Wall Street indicate that the cryptocurrency market is experiencing an exceptional bull cycle that may extend until 2027. This vision does not come from nowhere; it is based on two key factors: growing institutional acceptance and increasing U.S. political support. These two factors could create a fertile environment that drives Bitcoin to levels ranging between $150,000 and $200,000 over the next year.

Growth driving factors

1. Institutional adoption:

The entry of traditional financial institutions into the cryptocurrency market creates additional trust, as Bitcoin is no longer seen as a purely speculative tool but is beginning to be viewed as an alternative investment asset that can balance major financial portfolios.

2. U.S. policies:

The gradual shift in the regulatory stance in the United States, whether through facilitating the listing of ETF funds or moving towards clearer regulation of the stablecoin market, has reinforced the conviction that the world's leading economic power no longer sees Bitcoin as a direct threat but as a new financial opportunity.

3. Expansion of market influence:

Analysts at "Bernstein" expect the rise to not be limited to Bitcoin; major coins like Ethereum and Solana, along with decentralized finance (DeFi) projects, will benefit from the momentum. This extension could lead to an influx of funds into trading platforms and stablecoin issuers, enhancing the overall liquidity of the market.

Implications for major companies

It was not surprising that "Bernstein" raised its forecasts for the stocks of companies like Coinbase, Robinhood, and Circle, as these entities directly benefit from the rise in trading volumes and the spread of stablecoins. In the long run, these companies may turn into the main infrastructure of the digital financial system.

Divergence of views among traders

Despite these positive forecasts, data from Greeks.Live shows that the market is experiencing a clear divide:

A team expects an additional decline due to profit-taking and macroeconomic pressures.

Another team bets on a bullish rebound after the recent liquidation wave, considering that the market is preparing for a new upward wave supported by institutional liquidity.

Technical and strategic trends

Currently, activity is concentrated within the range of $112,000–$130,000. Although this range appears neutral, the continued price stability within it reflects underlying buying strength. On the other hand, many traders rely on straddle/strangle strategies in the range of $112,000–$120,000 in anticipation of increased volatility.

Deeper reading

The most important aspect is not just the target price ($150–$200,000), but the new market structure that is forming:

Financial institutions are entering strongly.

Stablecoins are becoming a bridge between the traditional financial system and blockchain.

Major digital exchanges are solidifying as global financial centers.

This scene indicates that the market is no longer hostage to individual speculators as in 2017, but has become a mix of institutions, trading platforms, and individual investors, creating a more sustainable bull cycle in the long term.

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🔑 Summary:

Despite the debate over Bitcoin's direction in the short term, structural factors (institutional adoption and regulatory policies) may pave the way for an extended and strong cycle. The current focus on the range of $112,000–$130,000 is merely a "accumulation" phase that may precede a larger breakout, making levels of $150,000 to $200,000 a more realistic target than just excessive optimism.