diff --git a/.mergify.yml b/.mergify.yml
index b200faab72..a20ab66868 100644
--- a/.mergify.yml
+++ b/.mergify.yml
@@ -6,4 +6,4 @@ pull_request_rules:
     actions:
       backport:
         branches:
-          - stable/0.4
+          - stable/0.5
diff --git a/CITATION.cff b/CITATION.cff
index 59938c95f8..cdd2edc8e6 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -21,7 +21,7 @@ authors:
   given-names: "Christopher J."
   orcid: "https://orcid.org/0000-0001-7606-7349"
 title: "Qiskit Experiments"
-version: 0.4.0
-doi: 10.5281/zenodo.7737486
-date-released: 2022-08-16
+version: 0.5.0
+doi: 10.5281/zenodo.7779295
+date-released: 2022-03-28
 url: "https://github.com/Qiskit/qiskit-experiments"
\ No newline at end of file
diff --git a/docs/conf.py b/docs/conf.py
index 5b2b90a979..e73d8517a2 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -36,9 +36,9 @@
 
 # -- Project information -----------------------------------------------------
 # The short X.Y version
-version = "0.5"
+version = "0.6"
 # The full version, including alpha/beta/rc tags
-release = "0.5.0"
+release = "0.6.0"
 project = f"Qiskit Experiments {version}"
 copyright = f"2021-{datetime.date.today().year}, Qiskit Development Team"  # pylint: disable=redefined-builtin
 author = "Qiskit Development Team"
diff --git a/qiskit_experiments/VERSION.txt b/qiskit_experiments/VERSION.txt
index 8f0916f768..a918a2aa18 100644
--- a/qiskit_experiments/VERSION.txt
+++ b/qiskit_experiments/VERSION.txt
@@ -1 +1 @@
-0.5.0
+0.6.0