Bernstein Sees Bitcoin Pushing to Fresh All-Time Highs by 2026
Bernstein Research forecasts that Bitcoin’s surge could extend well into 2026, potentially reaching new all-time highs. Analysts highlight the upcoming 2024 halving as a key supply shock, cutting miner rewards in half and reducing sell pressure. Strong institutional demand—from corporate treasuries to exchange-traded products—along with favourable macroeconomic conditions and growing regulatory clarity, underpin the bullish outlook. Bernstein raised its long-term price target, citing network maturation and increased adoption as drivers. In their report, Bernstein attributes the Bitcoin surge to narrowing supply and heightened demand. This Bitcoin surge looks set to redefine the crypto market cycle and fuel prolonged investor interest.
Bullish
Bernstein’s bullish stance draws on historical precedents: Bitcoin climbed over 300% within a year after the 2012, 2016 and 2020 halvings. The 2024 halving will halve miner supply, lowering sell-side pressure. At the same time, institutional adoption—via corporate balance sheets and ETFs—continues to rise. Improved regulatory clarity and favourable macro trends (such as lower inflation risk and central bank digital currency developments) further support demand. In the short term, traders may face volatility around the halving event and profit-taking, but reduced supply and robust inflows suggest strong upward momentum. Over the medium to long term, these factors could propel Bitcoin past previous highs by 2026.