Bitwise Asset Management has raised its 2036 base-case price target for Bitcoin to $1,599,766 (approximately $1.6 million), up from $1.3 million a year earlier. This forecast implies a 34.3% compound annual growth rate from the $83,557 price used as of September 30, 2026. The firm attributes this projection to continued institutional demand and Bitcoin's fixed supply, also providing a bear case of $130,686 and a bull case of $3.67 million.