Bitcoin, ETH, XRP, Solana Are In For A ‘Long And Exhausting Bull Market,’ Bernstein Predicts
Research firm Bernstein expects the ongoing rally in cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) to evolve into a “long and exhausting bull market.”
It will be driven not by retail speculation, but by deep structural trends — institutional adoption, regulatory clarity, and the emergence of a fully on-chain financial system.
What Happened: In a new memo to clients on Monday, analysts argue that the market has transitioned from hype cycles to a more durable transformation of finance.
Bernstein is forecasting a prolonged and transformative crypto bull market, underpinned by institutional adoption and a maturing regulatory framework.
In its latest research note, the firm states its conviction in blockchain and digital assets “has never been higher,” adding that the current cycle departs from previous hype-driven phases by being led almost entirely by institutions, with retail interest still lagging.
The firm emphasizes that this bull run is unlikely to follow the typical four-year Bitcoin halving cycle.
Instead, it expects a “structural” growth phase marked by the on-chain movement of financial assets, …
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