4D
...
Analysts at Bernstein report a major shift in Bitcoin’s long-standing market rhythm, signaling the end of the traditional four-year cycle. Their latest client note highlights that Bitcoin’s price behavior now reflects a structural change, driven by stronger and steadier institutional demand.
Despite a sharp 30% pullback, analysts point out that ETF outflows have stayed unusually low—under 5%—suggesting continued conviction from large investors. This steady inflow, they argue, is helping absorb retail selling and setting the stage for an extended bull phase rather than the typical boom-and-bust pattern.
Bernstein raised its 2026 Bitcoin price target to $150,000 and now expects the cycle’s peak to arrive in 2027 near $200,000. Looking further ahead, the firm keeps its bold long-term projection of around $1 million per BTC by 2033, reinforcing its strong crypto-positive outlook.
