According to CoinMeta, an analyst Bernstein predicted in a client report on August 26 that the price of Bitcoin could reach $150,000 by mid-2027 and climb to $300,000 by 2029. Analyst Gautam Chhugani stated that Bitcoin is expected to rebound to around $125,000 by the end of 2026, followed by a new high in mid-2027. Bernstein believes that Bitcoin will maintain its historical four-year cycle and sets the peak of the next cycle at around $300,000 in 2029 in their basic forecast. The company also proposed a more optimistic scenario, predicting that driven by institutional demand and concerns about government debt, Bitcoin could reach $200,000 by mid-2027 and $500,000 by 2029.