Bernstein said the bullish cycle will be "long and exhausting," revealing the Bitcoin (BTC) target!

The leading cryptocurrency Bitcoin is starting the "US Crypto Week" with new records, and the rise is expected to continue.

At this point, the Wall Street-based asset manager Bernstein predicted that Bitcoin would reach $200,000 due to the impact of the institutional explosion.

According to a report by The Block, Bernstein predicted that Bitcoin could reach $200,000 by the end of 2025 or early 2026.

This rise is expected to be influenced by factors such as increasing institutional adoption, regulatory clarity, and growing blockchain integration.

Analysts say that this cycle will be different from previous bull markets led by retail investors. At this point, Bernstein analysts stated that this Crypto bull cycle could extend until 2026 due to increasing institutional adoption rather than the influence of retail investors.

"A long and exhausting crypto bull market will emerge. Bitcoin could reach $200,000 by the end of 2025 or the beginning of 2026.

The bull market is now driven by institutional adoption rather than individuals.

Analysts also stated that Bitcoin will continue to be the world's reserve currency and to be adopted as a reserve asset, along with its increasing institutional adoption and its feature as a global hedge against inflation.

"As corporate adoption increases, including Bitcoin in portfolios will become a trend. This further supports our $200,000 projection.

In addition, the increase in regulatory clarity regarding crypto assets in the United States will further accelerate institutional adoption.