- 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 past month, Bernstein analysts reiterated their bullish stance on Bitcoin’s price movement. They believe that the “unprecedented ETF demand inflows have further reinforced our conviction” in Bitcoin’s potential to reach $150,000 by 2025. The experts also anticipate that ETFs will integrate into private banks and brokerage platforms over time, stating, “There is a natural gestation time to bitcoin becoming an acceptable portfolio allocation recommendation and the platforms establishing the compliance framework to sell bitcoin ETF products.”
Conclusion
In conclusion, Bernstein analysts maintain a bullish outlook on Bitcoin’s future, projecting a price of $150,000 by 2025. They believe that the recent market correction has “cleaned up the excess leverage on futures contracts on crypto exchanges,” and the return to net inflows in U.S Bitcoin ETFs further reinforces their conviction. As Bitcoin continues to integrate into financial institutions and brokerage platforms, the future looks promising for this leading cryptocurrency.
