Berenstain: Bitcoin has Broken the 4-Year Cycle Pattern, Current Bull Run May Peak at $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 that the Bitcoin cycle has broken the four-year pattern (i.e., peaking every four years) and is currently entering an elongated bull market cycle, with more sticky institutional buying offsetting any retail panic selling. Despite Bitcoin's retracement of about 30%, we observe that less than 5% of the outflows are through ETFs. Therefore, we have adjusted our Bitcoin target price for the end of 2026 to $150,000 and expect the peak of this cycle to potentially reach $200,000 in 2027. Our long-term (until 2033) price target for Bitcoin remains at around $1,000,000."