In a research report, Bernstein analysts said they are confident that the price of Bitcoin is on track to reach 150,000 by mid-2025 despite recent market corrections. The company cited a shift from sentiment-driven to structurally driven demand in Bitcoin markets, led by institutional interest and inflows into ETFs. As Bitcoin resumed its upward trajectory after falling to a low of around $57,000, Bernstein pointed to a liquidation of excess leverage in futures and a positive reversal in ETF flows.
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