Veteran trader Peter Brandt has projected that Bitcoin could reach $200,000, but not until around 2029. Despite Bitcoin's current downturn, Brandt maintains a bullish long-term outlook. Bitcoin has fallen nearly 24% in Q4 2025, trading at $85,976, with potential further declines to $81,000 and $58,000, according to Brandt. Brandt suggests that the recent price drop, driven by whale sell-offs and market liquidations, may signal the start of a bearish phase. However, he views the current market correction as a positive development for Bitcoin's future growth. Brandt's forecast contrasts with other analysts, such as ARK Invest's Cathie Wood and Galaxy Digital's Alex Thorn, who have also revised their Bitcoin price targets downward.