diff --git a/.mergify.yml b/.mergify.yml
index a20ab66868..dc18f45ae6 100644
--- a/.mergify.yml
+++ b/.mergify.yml
@@ -6,4 +6,4 @@ pull_request_rules:
     actions:
       backport:
         branches:
-          - stable/0.5
+          - stable/0.6
diff --git a/docs/conf.py b/docs/conf.py
index b93e9ca347..194a918081 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -35,10 +35,10 @@
 
 # -- Project information -----------------------------------------------------
 # The short X.Y version
-version = os.getenv("VERSION_STRING", "0.6")
+version = os.getenv("VERSION_STRING", "0.7")
 
 # The full version, including alpha/beta/rc tags
-release = os.getenv("RELEASE_STRING", "0.6.0")
+release = os.getenv("RELEASE_STRING", "0.7.0")
 
 project = "Qiskit Experiments"
 copyright = f"2021-{datetime.date.today().year}, Qiskit Development Team"  # pylint: disable=redefined-builtin
diff --git a/qiskit_experiments/VERSION.txt b/qiskit_experiments/VERSION.txt
index a918a2aa18..faef31a435 100644
--- a/qiskit_experiments/VERSION.txt
+++ b/qiskit_experiments/VERSION.txt
@@ -1 +1 @@
-0.6.0
+0.7.0