Here’s a rephrased version of the provided text:

**"Bernstein Analysts Predict Bitcoin Price Based on U.S. Election Outcome**

Research and brokerage firm Bernstein has linked the future of Bitcoin’s price to the outcome of the U.S. presidential election. According to their analysis, if Republican candidate Donald Trump wins, Bitcoin could surge to new highs, reaching between $80,000 and $90,000 by the end of Q4. However, if Vice President Kamala Harris is elected, analysts predict Bitcoin may fall below the $50,000 mark, potentially retreating to the $30,000-$40,000 range, similar to when the spot ETF agenda first emerged.

Previously, Bernstein had set ambitious long-term targets for Bitcoin, forecasting $200,000 by the end of 2025, $500,000 by the end of 2029, and $1 million by 2033.

Analysts also emphasized that the crypto industry is more closely aligned with Trump, who has frequently discussed policies such as positioning the U.S. as a hub for Bitcoin mining, appointing a pro-crypto SEC chair, and establishing a national Bitcoin reserve. In contrast, Harris has largely avoided addressing cryptocurrency in her public statements or policy proposals."**