According to BlockBeats, research firm Bernstein has reiterated in a report that Bitcoin is expected to rise to $150,000 by the end of 2025. Analysts Gautam Chhugani and Mahika Sapra stated in their report that indicators suggest a healthy cycle that is still in its early stages. They believe that the current risk-return remains attractive.
The analysts also noted that the recent pullback to a local low of approximately $57,000 effectively 'cleared the excessive leverage of cryptocurrency exchange futures contracts'. After 78 consecutive days of outflows, the Grayscale's converted GBTC ETF recorded a net inflow of $63 million on Friday. This is significant considering that GBTC has been a source of substantial continuous selling, and the other nine ETFs must absorb these sales.