Bernstein has released its latest market cycle analysis, projecting Bitcoin will reach $150,000 by mid-2027. This projection is significantly lower than their previously stated $500,000 target. The trimmed forecast reflects Bernstein’s move to align its outlook with current market conditions.
Despite the lower long-term price target, institutional capital inflows tell a different story. Spot Bitcoin ETFs in the United States recorded over $3.3 billion in net inflows throughout August. These inflows made August the strongest month since the all-time high was recorded in October 2025.
Improving Network Metrics
Signals of price strength are also emerging from on-chain activity. CryptoQuant CEO Ki Young Ju highlighted the Bull/Bear Market Cycle indicator, which posted its first positive reading since early October. This on-chain indicator gauges market profitability by comparing metrics like MVRV, NUPL, and SOPR against their 365-day moving averages.
CryptoQuant’s Bull/Bear indicator now sits at 0.042, returning Bitcoin to the “bull” zone. This marks a sharp reversal from the -1.244 “extreme bear” level recorded on February 5, when Bitcoin’s price dropped to $60,000.
Mining Stocks Outperform AI Sector
Capital inflows immediately lifted Bitcoin’s price action. The digital asset surged from around $63,500 to a peak of $81,000 in just one week. The rally eventually stalled and corrected to $77,500 following Warsh’s speech at the Jackson Hole meeting.
The coin’s price rebound also fueled the performance of mining companies’ stocks. Three major industry stocks - Canaan, American Bitcoin, and Cango - recorded price surges between 41% and 67% during the same week. This momentum allowed crypto miners to outperform AI infrastructure stocks, with CoreWeave rising only 21% and Nebius up 17%.
Public Reluctance Over Retirement Funds
Positive sentiment in the stock market has done little to ease broader public concerns. The National Institute on Retirement Security published findings from a survey of 1,203 respondents aged 25 and older regarding retirement savings management. The data revealed that 77% of Americans view crypto assets in workplace retirement plans as a risk.
Among those concerned, 46% labeled crypto investments as “very risky.” While large institutional capital freely seeks profits through ETF instruments, working-class Americans continue to keep their retirement savings firmly shielded from crypto exposure.
Reported by @NFTPlazas on X.
Also read: How to Read Candlesticks for Beginners
Also read: Kevin Warsh’s Speech at Jackson Hole Triggers Crypto Disaster - Rp150 Trillion Lost in 14 Days
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
