Bitcoin Could Reach $200,000 in 2026, Says Bernstein; Cardano Could Be the Next Altcoin To Break Out

Researchers at investment firm Bernstein have forecasted that Bitcoin may continue this bull market until 2026 and set a new high somewhere between $150,000 and $200,000. According to Bernstein analysts, President Donald Trump’s efforts to shape the U.S. into the “crypto capital of the world” could play an important role in the extension of this bull market.

Also, analysts expect the Cardano price, which has been climbing steadily in the last few weeks, to record a major breakout rally. These analysts believe that the Cardano price could rally to a new all-time high in this bull market.

Bernstein Says Bitcoin At $200,000 in 2026 is a Possibility

The price of Bitcoin reached a new all-time high of over $124,000 last week, but since then, it has faced some correction. According to CMC data, the Bitcoin price now changes hands at around $113,600 per coin due to a 5% loss over the last seven days.

Analysts at investment firm Bernstein shared in a Tuesday note that the price of Bitcoin could trade as high as $150,000 and $200,000 by extending the bull market into 2026. Bernstein analysts admitted that the performance will be unlike the four-year cycles that the price of Bitcoin has followed over the years.

However, Bernstein analysts explained that Trump’s embrace of crypto is what helps Bitcoin snap its historical four-year cycle pattern. As President Trump pushes more crypto-friendly regulations, Bitcoin could react and extend this bull cycle into 2026.

Bernstein analysts aren’t the only ones who believe Bitcoin could extend its rally into 2026. Mister Crypto, a popular crypto analyst on X, in laying out the next move for Bitcoin, explained that the coin’s current technical setup looks similar to what played out back in 2020. If we have a repeat of this move, then we could see the price of Bitcoin cross $200,000 by 2026.

Cardano (ADA) Could Explode in the Coming Altseason

Bernstein analysts similarly expect a so-called altcoin season to still materialize this time, as in existing market cycles. Cardano is one of the top altcoins that analysts believe will experience a major price increase in the coming altseason.

According to the analyst known as Clifton Fx, the technicals of Cardano are showing a breakout from its prevailing bull flag pattern. The analyst explains that the Cardano price chart has been forming a large bull flag pattern since December and is just waiting for a decisive breakout.

Clifton expects a massive 100% – 150% bullish rally for the Cardano price in the coming weeks. However, for this to happen, the Cardano price needs to clearly break above the $1 resistance.

The bullish breakout would be confirmed by a three-day candlestick close above $1 and a retest of this level as a new support. If this happens, then the technical target for the Cardano price in the bull flag pattern will be at $1.80. Mintern is more bullish, placing the Cardano price target as high as $7.

The bulls are also boosted by favorable indicators in the futures market. The futures volume of ADA has jumped to a five-month high ($7 billion across all exchanges), according to data provided by Glassnode. This drastic leap shows that there is high institutional and retail interest fueling liquidity and a potential rally.