BlockBeats news, on December 8, Wall Street institution Bernstein pointed out in its latest analysis report: "Given the recent market correction, we believe the Bitcoin cycle has broken the four-year pattern (i.e., a peak every four years), and is now entering an extended bull cycle, with more persistent institutional buying offsetting any panic retail selling. Although Bitcoin has pulled back about 30%, we have observed that outflows through ETFs account for less than 5%. Accordingly, we have adjusted our Bitcoin price target for the end of 2026 to $150,000, and expect the peak of this cycle may reach $200,000 in 2027. Our long-term (through 2033) price target expectation for Bitcoin remains at around $1,000,000."

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