Bernstein Analysts Revise Bitcoin Target
Analysts at Bernstein have raised their Bitcoin target price to $200,000 by the end of 2025. This is a significant increase from their previous target of $150,000.
Spot Bitcoin ETFs as a Catalyst
Bernstein analysts believe that the influx of Spot Bitcoin ETFs will be the key driver behind this price surge. They estimate that Spot Bitcoin ETFs could represent 7% of all Bitcoin in circulation by 2025.
Institutional Interest on the Rise
While retail investors have been the primary source of inflows into Spot Bitcoin ETFs, Bernstein analysts expect institutional investors to increase their demand in the future.
ETF Growth and Market Impact
The analysts predict that Spot Bitcoin ETFs will reach $190 billion in assets under management by 2025 and a whopping $3 trillion by 2033. This growth will have a significant impact on the overall Bitcoin market.
BTC Enters Bull Cycle
Bernstein analysts also believe that Bitcoin has entered a new bull market cycle, driven by the recent halving event. They anticipate new catalysts that could further increase demand for Bitcoin.
Crypto Analyst’s Prediction
Crypto analyst Michael van de Poppe suggests that Bitcoin may have reached its bottom between $63,000 and $65,000. He predicts a potential reversal and upward momentum for Bitcoin in the near future.
