Peter Brandt predicts Bitcoin will hit $250,000 by 2029 after a bottoming phase ending in late 2026.

Veteran trader Peter Brandt forecasts Bitcoin will reach $250,000 by late 2029, but only after a prolonged bottoming phase lasting until around September or October 2026. His prediction is based on Bitcoin's historical four-year halving cycle, where bull markets peak about 16 to 18 months after halving and bear markets last about a year. Brandt's outlook contrasts with other analysts who believe the bear market ended in February 2026. He emphasizes his forecast depends on Bitcoin following past cycle patterns and is open to revising it if price action deviates.