Wall Street firm Bernstein predicts a bullish market for cryptocurrency in the coming years, with bitcoin potentially reaching $200,000 by 2027. This prediction, based on expanding DeFi applications and growing institutional interest, suggests an extended bull cycle beyond the typical four-year timeframe. 2025 is expected to be a year of significant price increases for leading cryptocurrencies including Coinbase, Robinhood, and Circle. The firm highlights the regulatory environment’s positive impact on market growth and the increasing appeal of compliant exchanges as investors seek entry points into digital assets. This shift towards regulated systems aligns with the growing retail adoption of crypto through platforms like Robinhood’s increased cryptocurrency trading volume. Bernstein underscores Bitcoin’s continued dominance in the ecosystem while acknowledging Ethereum and Solana’s strong potential due to their scalable technologies and innovative applications within decentralized finance, leading the next cycle of growth. The firm’s optimism is supported by historical patterns of price surges followed by corrections, suggesting a continued bull market trajectory with the expectation that bitcoin will hit a new ATH around $200,000 by 2027. Despite recent price fluctuations, investors remain optimistic about the future of crypto based on these bullish predictions.