BlockBeats News, August 26th - Bernstein predicted that as "currency debasement trades" gradually gain traction, Bitcoin will hit a new all-time high of around $150,000 by mid-2027 and could reach a peak of about $300,000 in this cycle by 2029.

The firm also maintained its "Outperform" rating on MicroStrategy (MSTR) but lowered the target price from $450 to $350. This adjustment was primarily due to its updated outlook on the Bitcoin market cycle, taking into consideration the dilutive impact of MicroStrategy's accelerated stock issuance.