Analysts at Bernstein have recently doubled down on their bullish forecast for Bitcoin, projecting that it will reach $150,000 by the end of 2025. Despite a recent pullback in price, the analysts remain optimistic, citing a "healthy cycle" that is still in its early stages. They highlighted the recent correction to around $57,000 as a necessary adjustment that reduced excessive leverage from futures contracts on cryptocurrency exchanges.
The sustained positive outlook is bolstered by a return to net inflows for Bitcoin exchange-traded funds (ETFs) in the U.S., after a brief period of outflows. This renewed investor interest, along with strong market fundamentals, suggests a favorable risk-reward scenario for Bitcoin investors.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
