• Bernstein analysts anticipate Bitcoin’s price to reach $150,000 by 2025.

  • The research experts pointed to a shift in ETF’s market trends.

  • Despite ETF inflows, Bernstein maintains a bullish outlook on Bitcoin.

Although Bitcoin experienced a recent price drawback, analysts at Bernstein anticipate continuing its upward trajectory. The research firm posited that BTC is “far from done,” projecting it to hit $150,000 by the end of 2025.

Bernstein analysts Gautam Chhugani and Mahika Sapra said, “We feel even better about that call, and metrics indicate a healthy cycle, still in its early stages. “Risk-reward here remains attractive.”

Furthermore, the analysts believe the recent market correction, which saw Bitcoin drop to around $57,000, “cleaned up the excess leverage on futures contracts on crypto exchanges.” 

In addition, the research experts pointed to a shift in market trend, with U.S Bitcoin ETFs witnessing a return to net inflows after prolonged outflows. Notably, Grayscale’s GBTC ETF, after a prolonged streak of outflows spanning 78 days, recorded $63 million in net inflows on Friday.

“This is significant considering GBTC has been a source of significant and continued selling, which the new 9 ETFs have had to absorb,” per Bernstein’s analysts.

Despite massive inflows into Bitcoin ETFs in the past month, experts at Bernstein reiterated their stance on Bitcoin’s price movement, projecting it to reach $150,000 by 2025. “Unprecedented ETF demand inflows have further reinforced our conviction,” the analysts noted. 

In tandem, the experts posited that ETFs will integrate into private banks and brokerage platforms over time. Gautam Chhugani and Mahika Sapra stated, “There is a natural gestation time to bitcoin becoming an acceptable portfolio allocation recommendation and the platforms establishing the compliance framework to sell bitcoin ETF products.”

The Bernstein researchers also opined that the overall Bitcoin market is healthy. They pointed to indicators such as a stable post-halving hash rate, healthy transaction fees post-halving, subdued prices for Bitcoin mining equipment, and recent ETF inflows.

Meanwhile, Bitcoin trades at $65,184 during press time, reflecting a 2.18% intraday rally. It is currently positioned 24.37% above its 200-day SMA.

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