Bernstein predicts Bitcoin to rise to $150000 by 2027, lowering Strategy target price

Bernstein expects Bitcoin to rise to $150000 in mid-2027 and reach a peak of $300000 in 2029. Bernstein maintains its outperforming rating for Strategy and has lowered its target price from $450 to $350, as it updates its outlook for the Bitcoin market cycle and considers the equity dilution impact of Strategy's stock issuance.