Key Points：
- Analysts observe Bitcoin is in a familiar post-halving adjustment phase that may last another 2–4 weeks, with bull-market momentum potentially resuming between late September and early October.
- Price structure suggests a critical support range at $114,000–$115,000, with downside risk to $112,000 forming a possible double-bottom if breached.
- Bernstein maintains a bullish outlook for Bitcoin and related crypto equities through 2027, forecasting Bitcoin may reach $150,000–$200,000 within a year.
- Altcoins—including Ethereum, Solana, and DeFi tokens—are expected to lead the next wave of growth, supported by increased demand, ETF flows, and institutional adoption.
1. Post-Halving Adjustment: A Familiar Pause
Bitcoin remains in a correction phase. CryptoQuant analyst CQ Ben has noted that during previous bull markets after halving events, price weakness typically emerges around 480 days post-halving. Since the April 20, 2024 halving occurred 487 days ago, this aligns with historical patterns, suggesting that the adjustment could persist for another 2–4 weeks. Should this confluence hold, a resurgence may begin around late September to early October, coinciding with approximately the 510-day mark post-halving.
2. Key Price Structure: Support or Breakdown
Bitcoin Vector, a crypto research platform, emphasizes that BTC is at a pivotal technical point. A bounce above $114,000–$115,000 would indicate a higher low and signal bullish continuation. If instead BTC drops below $112,000, it could form a bearish double-bottom pattern—potentially extending the adjustment and testing lower levels.
3. Bernstein’s Long-Term Bull Case: 2027 Horizon
Research firm Bernstein remains steadfast in its bullish projections. Analysts have raised their price targets for Bitcoin to $150,000–$200,000 within the next year. They foresee the current bull market lasting until 2027, well beyond the traditional four-year halving cycle.
Bernstein also sees crypto equities like Coinbase, Robinhood, and Circle as beneficiaries—setting price targets at $510, $160, and $230 respectively. Falling interest rates later in 2025 and pro-crypto policy initiatives are expected to bolster institutional investment, while the expanding cap of digital assets will fuel upward momentum. Circle’s USDC adoption is projected to hit $173 billion by 2027, underpinning continued growth in the stablecoin ecosystem.
4. Altcoin Momentum: The Next Phase of the Rally
Beyond Bitcoin, Bernstein anticipates altcoins—including Ethereum, Solana, and various DeFi tokens—will drive the next leg of the crypto bull market. This follows historical patterns where capital flows into altcoins accelerate after Bitcoin’s initial gains. Institutional interest and ETF inflows are expected to sustain that trend into 2025 and beyond.
Conclusion
Bitcoin currently sits at a critical juncture—experiencing a classic post-halving correction. Analysts anticipate consolidation to continue only briefly more, with a potential recovery begining by late September to early October if key support levels hold.
Looking deeper out, Bernstein’s bullish forecast for $150,000–$200,000 Bitcoin over the next year and an extended bull market through 2027 align with broader macro tailwinds such as institutional flows, favorable policy, and growing adoption. Simultaneously, altcoins are primed to take off after Bitcoin lays the groundwork.
Investors and practitioners seeking new opportunities in crypto—from uncovering emerging tokens to applying blockchain solutions in the real world—should monitor these evolving dynamics closely.
