Bitcoin to $150,000 Still On The Cards? Bernstein Analysts Confirm Optimistic Forecast
Is Bitcoin headed for a massive surge? Bernstein analysts foresee Bitcoin hitting $150,000 by 2025, citing market resilience post-correction and renewed ETF inflows. The prediction is gaining traction as investors look for future growth opportunities in the crypto market.
Bernstein Doubles Down on $150,000 Bitcoin Price Target
The globally active asset management firm Alliance Bernstein recently reaffirmed its optimistic forecast for Bitcoin, predicting that the cryptocurrency will rise to $150,000 by the year 2025. A number of factors have been listed by Bernstein’s analysts as they doubled down on their 2025 $150,000 Bitcoin (BTC) price target. What's driving this continued confidence?
ETF Inflows and Market Resilience Fuel Optimism
Bernstein analysts Gautam Chhugani and Mahika Sapra said in a note to clients on Monday that they were now more convinced of Bitcoin’s exponential surge to new highs. Bernstein analysts remain unfazed by the deceleration in spot Bitcoin exchange-traded fund flows, viewing it as a “short-term pause”.
Bernstein reiterated its $150,000 price target for the world's largest cryptocurrency, citing the thriving inflows of funds into exchange-traded funds (ETFs). This influx of capital is seen as a key driver in pushing Bitcoin toward its predicted target.
Whale Interest and Exponential Growth
Meanwhile, the interest of whales has turned to two top factors: strong ETF performance and the overall strength of the Bitcoin network. All Bernstein analysts said on Monday that they were now more convinced about bitcoin BTC$95,769.80 hitting $150,000 by mid-2025 after the largest digital asset rallied.
Unwavering Optimism: Bernstein Stands Firm
Bernstein’s analysts maintain unwavering optimism. They reiterate their prediction of Bitcoin ascending to an unprecedented $150,000 within the current cycle. Is this a realistic prediction, or just wishful thinking? Only time will tell, but Bernstein is standing firm on their bullish outlook.