The paintings will be on display from May 24th at the Fondazione Rome Arte-Musei art gallery located in Palazzo Cipolla, central Rome.
The anonymous graffiti artist's works will hang alongside the work of other street artists as part a new exhibition entitled 'War, Capitalism and Liberty' which will run until September 9th, La Repubblica reported.
The pieces will be organized into three separate categories exploring the exhibition's titular themes.
All 150 Banksy pieces on display have been certified as originals. The works have been leased to the museum from private collectors across the globe who have since acquired them.
Hosting the three-and-a-half month exhibition has reportedly cost the museum €1 million.
The exhibition is the brainchild of museum curators Stefano Antonelli and Francesca Mezzzano, whose London-based Andipa Gallery frequently exhibits pieces of Banksy's street art.
Banksy, whose identity is still unknown, has become one of the world's most iconic artists over the last decade thanks to his satirical and subversive stencil graffiti paintings.
Examples of his work have been snapped up by art dealers sold on to Hollywood stars and royalty.
Earlier this month, Banksy's only surviving Italian work, a Naples mural entitled “Madonna with a pistol”, was placed under a protective cover in the hope of preserving it.