Bernstein Says Bitcoin’s Four-Year Cycle Is Broken as Prolonged Bull Market Takes Over

Investment research firm Bernstein argues that Bitcoin has surpassed its traditional four-year cycle pattern and entered an elongated bull market driven by sustained institutional demand and resilient ETF flows.

According to the report, the historical framework of peaks and drawdowns tied to halving events no longer fully applies, as stronger institutional buying helps cushion corrections and supports long-term upward momentum. Bernstein now projects Bitcoin could reach new highs through 2026 and potentially peak even higher in 2027, with long-term price targets remaining bullish as broader market adoption grows.

Clever Robot News Desk 12^th December 2025