Famous analysts are confused: What are the current price predictions?

Analysts at Bernstein drew attention by changing their predictions that the Bitcoin price could rise to $15,000 this cycle.

Analysts at Bernstein drew attention by changing their predictions that the Bitcoin price could rise to $15,000 this cycle.

Although the Bitcoin price has pulled back modestly in recent weeks, analysts at Bernstein believe the leading cryptocurrency is “far from done.” They reiterated their prediction that BTC will reach $150,000 this cycle and that this will happen by the end of 2025.

Analysts shared the view that the recent correction to around $57,000 effectively “cleared out excess leverage in futures contracts on crypto exchanges.”

Analysts shared the view that the recent correction to around $57,000 effectively “cleared out excess leverage in futures contracts on crypto exchanges.”

Additionally, they noted that Bitcoin exchange-traded funds (ETFs) in the United States have reversed course, returning to combined net inflows after eight consecutive days of outflows. Even Grayscale's GBTC ETF recorded a net inflow of $63 million on Friday, following a 78-day streak of outflows. “This is a significant development considering that GBTC has been a significant and persistent source of selling and the new 9 ETFs have had to absorb it,” they explained.

Bernstein analysts also believe that strong overall inflows into ETFs over the past three months, new incentives for institutional treasuries to buy BTC, post-halving stable hash rate, healthy transaction fees, and subdued prices for BTC mining equipment are good for the overall market.