According to daily updates, the market research firm Bernstein has released an analysis indicating that the current surge in Bitcoin may extend until 2027, significantly exceeding the traditional four-year cycle model. Analysts point out that Bitcoin recently reached a peak of $124K, combined with supportive U.S. regulations (such as the GENIUS Act, the Federal Reserve's policy direction, and the outlook for Bitcoin reserve funds), which has greatly enhanced its upward momentum. It is estimated that within the next 6-12 months, Bitcoin is expected to challenge $200,000. However, there are also doubts, as traditional market expectations suggest that Bitcoin's peak will reach $140–150K; even though the increase remains considerable, it may be difficult to extend to $200K.