Bernstein Analysts Firmly Reiterate $150,000 Bitcoin Price Forecast
- Bernstein analysts anticipate Bitcoin’s price to reach $150,000 by 2025.
- The research experts pointed to a shift in ETF’s market trends.
- Despite ETF inflows, Bernstein maintains a bullish outlook on Bitcoin.
Although Bitcoin experienced a recent price drawback, analysts at Bernstein anticipate continuing its upward trajectory. The research firm posited that BTC is “far from done,” projecting it to hit $150,000 by the end of 2025.
Bernstein analysts Gautam Chhugani and Mahika Sapra said, “We feel even better about that call, and metrics indicate a healthy cycle, still in its early stages. “Risk-reward here remains attractive.”
Furthermore, the analysts believe the recent market correction, which saw Bitcoin drop to around $57,000, “cleaned up the excess leverage on futures contracts on crypto exchanges.”
In addition, the research experts pointed to a shift in market trend, with U.S Bitcoin ETFs witnessing a return to net inflows after prolonged outflows. Notably, Grayscale’s GBTC ETF, after a prolonged streak of outflows spanning 78 days, recorded $63 million in net inflows on Friday.
“This is significant considering GBTC has been a source of…
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