Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying

Bitwise raised its 2036 bitcoin price target to $1.6 million, projecting 34.3% annual growth on institutional demand and fixed supply. Bitwise Asset Management this week released its 2027 Bitcoin Long-Term Capital Market Assumptions, raising its 2036 base-case price target for bitcoin to $1,599,766 from $1.3 million a year earlier. The forecast implies a 34.3% compound annual growth rate from the roughly $83,557 price the firm used as of September 30, 2026. Bitwise’s bear case is $130,686 and its bull case is $3.67 million. The base case rests on three arguments. Institutional investors will keep adding bitcoin to portfolios.