Bernstein: Crypto bull market may continue until 2027, Bitcoin may rise to $200000 within a year According to Foresight News, according to The Block, Bernstein analysts predict that the current cryptocurrency bull market is expected to continue until 2027, longer than the traditional four-year cycle, driven by factors such as US policy support and accelerated institutional adoption. Analysts point out that Bitcoin may rise to $150000 to $200000 in the next year, but the next phase of the market will no longer be limited to Bitcoin. Ethereum, Solana, and DeFi tokens are expected to become the main directions for capital inflows. The institution has also raised the target prices of multiple cryptocurrency related companies: Robinhood's target price has been raised from $105 to $160, as its July cryptocurrency trading volume increased by 110% month on month to $16.8 billion, and the acquisition of Bitstamp has brought institutional clients; The target price for Coinbase is set at $510, citing reasons such as its July trading volume exceeding $100 billion, a 44% month on month increase in trading revenue, expansion of derivatives, and promotion of USDC adoption; Maintaining the Circle target price of $230, it is expected that USDC supply will increase from the current $68 billion to $99 billion in 2026 and $173 billion in 2027. Bernstein stated that as the United States promotes becoming a "global crypto hub" under the leadership of the Trump administration, the crypto asset cycle is expected to continue to extend, driving the market to new highs between 2026 and 2027.