As Bitcoin (CRYPTO: BTC) continues its upward trajectory, Bernstein analysts have doubled down on their prediction that the cryptocurrency will reach a staggering $150,000 by 2025, following a recent price surge that saw it hit new highs.

What Happened: Bernstein analysts strengthened their conviction in Bitcoin, reaching $150,000 by mid-2025, following a significant price surge, CoinDesk reported on Monday.

After Bitcoin achieved a new all-time high this year, analysts anticipate a further ‘break out’ post the next halving event. Despite a downturn in share prices, they continue to endorse a bullish stance on certain miners.

Bernstein has reiterated its ambitious price target for Bitcoin, pointing to robust exchange-traded fund (ETF) inflows. They advise investors to purchase bitcoin mining stocks to leverage the expected rally.

Analysts Gautam Chhugani and Mahika Sapra noted that bitcoin miners are predominantly retail-traded and have not yet attracted significant institutional interest.