Bitcoin Price Forecasted to Reach $200,000 by 2025

Bernstein analysts are much more bullish on Bitcoin, revising their price target to $200,000 by next year. This surge in optimism follows strong inflows into spot Bitcoin ETFs. Previously at $150,000, their new target is fueled by the expected growth of these ETFs, reaching 7% of the total supply by 2025. Bernstein anticipates wider ETF approval by major institutions in the coming quarters, which could significantly boost Bitcoin's value.