Investment firm Bernstein said in a research note that the current cryptocurrency rally is unlikely to peak this year and could continue through 2027. The analysts forecast Bitcoin reaching between $150,000 and $200,000 over the next six to twelve months, a move that would eclipse last week’s record high of about $124,000. Bernstein argues the cycle is being prolonged by supportive U.S. policy, including recent efforts by the Trump administration to encourage digital-asset adoption, as well as growing institutional participation and the prospect of lower interest rates. As the market broadens, the firm expects Ethereum, Solana and decentralised-finance tokens to assume a greater share of trading flows and corporate treasury allocations. The note also reiterated outperform ratings on crypto-exposed equities Robinhood, Coinbase and Circle. Bernstein lifted its price target for Robinhood to $160 from $105, citing the brokerage’s expansion into staking services that reduce dependence on trading volumes.