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Bernstein expects the encryption bull run to continue until 2027: BTC could reach 150,000 to 200,000 USD within a year.
PANews August 19 news, Wall Street brokerage Bernstein analysts stated that the current encryption bull run may last until 2027, driven by support from U.S. policies and the rise in institutional adoption. Analysts expect that the price of Bitcoin could reach $150,000 to $200,000 in the next year, while the bull run will extend to Ethereum, Solana, and DeFi tokens, driving capital inflows to trading platforms and stablecoin issuers. Bernstein raised the target stock prices for Coinbase, Robinhood, and Circle to $510, $160, and $230, respectively, noting that these companies have long-term growth potential in terms of trading volume rise, product expansion, and stablecoin supply.