Bitcoin (BTC) Poised to Hit $150,000, Affirms Bernstein Analysts: Crypto Forecast Update

• Bernstein analysts project Bitcoin’s price to reach $150,000 by 2025, despite recent market correction.
• They highlight a shift in market trends, with U.S Bitcoin ETFs returning to net inflows after prolonged outflows.
• Despite massive ETF inflows, Bernstein maintains a bullish outlook on Bitcoin’s future.

Bernstein analysts predict a bullish future for Bitcoin, forecasting a price of $150,000 by 2025, despite recent market volatility and shifts in ETF trends.

Bernstein Forecasts Bitcoin to Reach $150,000 by 2025

Despite Bitcoin’s recent price drawback, Bernstein analysts anticipate a continued upward trajectory for the cryptocurrency. They posit that Bitcoin is “far from done,” projecting it to hit a staggering $150,000 by the end of 2025. Analysts Gautam Chhugani and Mahika Sapra expressed confidence in their prediction, stating, “We feel even better about that call, and metrics indicate a healthy cycle, still in its early stages. Risk-reward here remains attractive.”

Shift in ETF Market Trends

The research experts also pointed to a significant shift in market trends, with U.S Bitcoin ETFs witnessing a return to net inflows after a prolonged period of outflows. Notably, Grayscale’s GBTC ETF, after a streak of outflows spanning 78 days, recorded $63 million in net inflows on Friday. The analysts noted, “This is significant considering GBTC has been a source of significant and continued selling, which the new 9 ETFs have had to absorb.”

Bullish Outlook Despite ETF Inflows

Despite massive inflows into Bitcoin ETFs in the... Read the full article for FREE at COINOTAG!