diff --git a/Makefile b/Makefile
index 6e28067..b43d24f 100644
--- a/Makefile
+++ b/Makefile
@@ -5,7 +5,7 @@ export MAIN_BRANCH ?= main
 # To re-generate a bundle for another specific version without changing the standard setup, you can:
 # - use the VERSION as arg of the bundle target (e.g make bundle VERSION=0.0.2)
 # - use environment variables to overwrite this value (e.g export VERSION=0.0.2)
-VERSION ?= 1.5.0
+VERSION ?= 1.6.0
 
 # CHANNELS define the bundle channels used in the bundle.
 # Add a new line here if you would like to change its default config. (E.g CHANNELS = "candidate,fast,stable")
@@ -51,7 +51,7 @@ endif
 # Image URL to use all building/pushing image targets
 IMG ?= 1password/onepassword-operator:latest
 # ENVTEST_K8S_VERSION refers to the version of kubebuilder assets to be downloaded by envtest binary.
-ENVTEST_K8S_VERSION = 1.24.2
+ENVTEST_K8S_VERSION = 1.26
 
 # Get the currently used golang install path (in GOPATH/bin, unless GOBIN is set)
 ifeq (,$(shell go env GOBIN))
@@ -110,7 +110,7 @@ test: manifests generate fmt vet envtest ## Run tests.
 ##@ Build
 
 .PHONY: build
-build: generate fmt vet ## Build manager binary.
+build: manifests generate fmt vet ## Build manager binary.
 	go build -o bin/manager main.go
 
 .PHONY: run
diff --git a/config/default/manager_auth_proxy_patch.yaml b/config/default/manager_auth_proxy_patch.yaml
index 618dd52..4c2638d 100644
--- a/config/default/manager_auth_proxy_patch.yaml
+++ b/config/default/manager_auth_proxy_patch.yaml
@@ -17,7 +17,7 @@ spec:
           capabilities:
             drop:
               - "ALL"
-        image: gcr.io/kubebuilder/kube-rbac-proxy:v0.13.0
+        image: gcr.io/kubebuilder/kube-rbac-proxy:v0.13.1
         args:
         - "--secure-listen-address=0.0.0.0:8443"
         - "--upstream=http://127.0.0.1:8080/"
diff --git a/version/version.go b/version/version.go
index 312046a..331a086 100644
--- a/version/version.go
+++ b/version/version.go
@@ -2,5 +2,5 @@ package version
 
 var (
 	OperatorVersion    = "1.6.0"
-	OperatorSDKVersion = "1.25.0"
+	OperatorSDKVersion = "1.29.0"
 )