According to a Bernstein report cited by The Block, Bitcoin (BTC) could surge to somewhere between $150000 and $200000 over the next year. According to analysts Gautam Chhugani and Mahika Sapra, the current bull market could surge until 2027. The duo stated, “We expect a long crypto bull market, continuing the surge into 2026 and potentially peaking in 2027.“

Will Bitcoin Recover In September?

Bitcoin (BTC) has faced quite a correction over the last few days. The original crypto surged to a new all-time high of $124,128 on Aug. 14. The asset has since dipped to the $115,000 level, falling by nearly 7% since its peak.

Bitcoin’s correction was triggered amid higher-than-expected producer price index (PPI) figures. Global trade uncertainties may have also added to investor worry. Despite the high PPI numbers, the consumer price index (CPI) for July came in lower than anticipated. The chances of an interest rate cut in September are fairly high. Goldman Sachs, Wells Fargo, and Citigroup anticipate a 75 basis point interest rate cut by the end of the year, beginning with a 25 basis point cut in September. A rate cut may lead to more inflows into the crypto market.

Despite the high likelihood of an interest rate cut, September has historically been a bearish month for Bitcoin (BTC). The asset may continue to follow its historical pattern this year as well. However, the chances of an interest rate cut could provide some cushioning to BTC’s price.

Also Read: Is Strategy the Future Market Leader in a $1M Bitcoin World?

While the $200000 target seems achievable for Bitcoin (BTC), many anticipate a much higher target for the asset. Binance founder Changpeng Zhao (CZ) predicts BTC could hit the $500,000 to $1 million mark this cycle. Many even anticipate the asset to breach the $1 million mark over the coming years. How the asset’s price moves over the next month will determine how investors behave.