Bitcoin’s Price Prediction: Bernstein Analysts See a Surge

Year-End Target of $90,000

Analysts at Bernstein believe Bitcoin will hit $90,000 by the end of 2024. They attribute this optimism to:

  • Strong inflows into Spot Bitcoin ETFs
  • Record mining income

Mid-2025 Prediction: $150,000

The analysts also maintain their prediction that Bitcoin will reach $150,000 by mid-2025. They cite the influence of Spot Bitcoin ETFs as a key factor.

Standard Chartered’s Optimism

Standard Chartered has also revised its year-end target for Bitcoin to $150,000. They believe the Bitcoin ETFs provide a more stable foundation for the cryptocurrency’s price.

Other Predictions

  • Samson Mow predicts Bitcoin could hit $1 million this year.
  • Standard Chartered predicts a possible overshoot to $250,000 in 2025 if ETF inflows continue.

Current Market Situation

At the time of writing, Bitcoin is trading around $66,200, down slightly in the last 24 hours.