#比特币价格预测与趋势分析 Seeing Bernstein's report, I am reminded of the 2017 wave. At that time, some institutions predicted sky-high prices, but in 2018, the market fell sharply. However, this time the logic seems more solid — it's not just hype around the price, but a focus on the underlying transformation of tokenization.

The target price for Bitcoin is pushed from now to 150,000 by 2026, and then to 200,000 by 2027, which is an interesting pace. It suggests a relatively moderate cycle, not a crazy vertical rise. In 2025, the average increase for crypto stocks is 59%, but Bitcoin itself only retraced 6%. What does this discrepancy reveal? Institutions are already deploying in the ecosystem, not just betting on the price alone.

What truly caught my attention are these numbers: stablecoin supply needs to grow by 56% to $420 billion, RWA's TVL rises from $37 billion to $80 billion, and the proportion of tokenized equity increases from 2% to 16%. This is not hype; it's real infrastructure being laid out. I have seen too many false booms, but this story is different — it connects real assets, payments, and fintech, addressing genuine needs.

The retracement opportunity in 2026 is worth remembering. History tells me that the best positioning often occurs when confidence is at its lowest. The current market sentiment is still high; perhaps true wisdom lies in patiently waiting for that retracement.