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- Zafar Naik
Zafar Naik
- Reviewed by:
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 19, 2025 11:53 UTC
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Crypto Bull Run May Continue Into 2027, Bernstein Raises Bitcoin Target to $200K
Bernstein forecasts Bitcoin reaching $150K–$200K within a year as the bull market extends into 2027.
Ethereum, Solana, and DeFi tokens are expected to drive the next phase of growth beyond Bitcoin.
Bernstein raises targets for Coinbase, Robinhood, and Circle on rising volumes and adoption.
The crypto rally may have much more fuel left. Analysts at Bernstein say the current bull market could stretch all the way into 2027, supported by U.S. policy moves and stronger institutional adoption.
Here are the details you can’t miss out on.
Bitcoin Still Leads, But the Market Is Widening
Bernstein expects Bitcoin to climb to $150,000-$200,000 within a year. But this time, the firm says the rally will not be limited to Bitcoin alone.
“The Trump administration is in mission-critical mode to build the U.S. into the crypto capital of the world,” wrote analysts Gautam Chhugani and Mahika Sapra, arguing that policy support could extend the cycle well beyond past peaks.
According to the note, Ethereum, Solana, and DeFi tokens will take the lead in the next phase, bringing new inflows to exchanges and stablecoin issuers. DeFi names like Chainlink, Uniswap, Polkadot, Stellar, and Hyperliquid were highlighted as standouts.
Big Gains for Coinbase, Robinhood, and Circle
Bernstein also raised targets for three major U.S. crypto players.
- Robinhood (HOOD): Price target lifted from $105 to $160 after crypto volumes hit $16.8 billion in July, up 110% from June. The Bitstamp acquisition and new staking and tokenized products in Europe are seen as key growth drivers. Bernstein noted Robinhood’s model gives crypto exposure “without the same volatility as pure-play exchanges.”
- Coinbase (COIN): Target raised to $510. July volumes crossed $100 billion, with transaction revenue up 44%. Analysts flagged Coinbase’s push into perpetual futures, its $2.9B Deribit acquisition, and its central role in USDC adoption. Bernstein described the exchange’s strategy as building the “AWS of crypto.”
- Circle (CRCL): Target held at $230. Bernstein projects USDC’s supply could rise from $68B today to $173B by 2027. Circle’s Arc blockchain and partnerships with banks and payment providers are seen as key to its growth.
A Longer, Broader Cycle Ahead
Bernstein calls this a “long, exhausting” bull market that could peak in 2027. Unlike past cycles, the momentum is expected to spread beyond Bitcoin into Ethereum, Solana, and DeFi, alongside the rapid growth of stablecoins.
With U.S. policy support and institutional money driving the trend, analysts argue the crypto market is entering a new phase – deeper, broader, and more connected to global finance than ever before.
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FAQs
As of August 19, 2025, the crypto market is experiencing a slight downturn, with Bitcoin and Ethereum prices seeing a modest decline amid broader market volatility and geopolitical concerns.
Some analysts are still bullish on the crypto market, with a few expecting new highs this month. The key will be if the Federal Reserve’s meeting and Powell’s speech deliver a dovish outcome.
Analysts at Bernstein are predicting Bitcoin could reach $150,000-$200,000 within a year. However, recent market fluctuations have made short-term predictions for August more volatile.
According to some experts, this could be a good time to look at altcoins, as a potential “altcoin season” may be triggered if capital rotates from Bitcoin into other digital assets.
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