The recent research note from Bernstein on Bitcoin is highly positive, predicting a $150,000 value by the end of 2025. According to analysts Gautam Chhugani and Mahika Sapra, in spite of recent market corrections, Bitcoin still stands in a healthy cycle, indicating that early-stage growth has attractive risk-reward potential.
The cryptocurrency has recently corrected to a local low of around $57,000, which, according to analysts, should decrease some of the overleverage in future contracts over crypto exchanges. This adjustment is seen as a positive cleanup that could pave the way for more sustainable growth in Bitcoin’s market value.
Also, Bitcoin exchange-traded funds (ETFs) in the U.S. have reversed from consistent outflows to record net inflows.
Notably, Grayscale’s converted GBTC ETF witnessed $63 million in net inflows last Friday, breaking a 78-day streak of net outflows. Investor interest in ETFs signals growing confidence in Bitcoin’s stability and growth potential.
These insights from Bernstein underline a robust outlook for Bitcoin, and analysts highlight Bitcoin’s durability and continued attractiveness to investors.
Also Read: Bitcoin Hits 1 Billion Transactions After 15 Years History
