According to ChainCatcher, according to The Block, investment research firm Bernstein said in a research report that Bitcoin will rise to $200,000 by the end of 2025.

Bernstein said this was driven by expectations of unprecedented demand for spot Bitcoin ETFs and Bitcoin miners' marginal production cost models. Ultimately, analysts aim for Bitcoin prices to reach $500,000 by the end of 2029 and $1 million by 2033.