Bernstein: Bitcoin has broken the 4-year cycle pattern, and this bull market may reach a peak of $200,000 in 2027

BlockBeats News, December 8, Wall Street institution Bernstein pointed out in its latest analysis report: "Given the recent market correction, we believe the bitcoin cycle has broken the four-year pattern (i.e., a peak every four years), and is currently entering a prolonged bull market cycle. More sticky institutional buying is offsetting any panic selling from retail investors. Although bitcoin has pulled back by about 30%, we have observed that outflows through ETFs account for less than 5%. Based on this, we have adjusted our bitcoin target price for the end of 2026 to $150,000, and expect the peak of this cycle may reach $200,000 in 2027. Our long-term (to 2033) target price expectation for bitcoin remains at around $1,000,000."