Stronger

2024

Bitcoin

when

<p>Analysts from private wealth management firm, Bernstein have reaffirmed their previous <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-bulls-on-alert-top-analyst-anticipates-a-massive-rally-in-the-cards/">Bitcoin prediction</a>, emphasizing that the cryptocurrency has a greater chance to reach $150,000 by 2025.&nbsp;</p> 
<h2 id="bitcoin-150-000-price-forecast-grows-stronger">Bitcoin $150,000 Price Forecast Grows Stronger</h2> 
<p>Bernstein analysts Gautam Chhugani and Mahika Sapra said in a note to clients on Monday that they were now more convinced of Bitcoin’s exponential surge to new all-time highs at around $150,000 by mid-2025. The analyst’s statements were a reiteration of their <a href="https://bitcoinist.com/bitcoin-to-hit-150k-by-2025-financial-firm/" rel="nofollow">earlier Bitcoin forecast</a> in November 2023, when they predicted the price of Bitcoin to surge to $150,000.</p> 
<p>At the time, Bitcoin was <a href="https://bitcoinist.com/bitcoin-comeback-trading-desks-awaken/" rel="nofollow">trading around a price of $35,000</a>, putting the analysts’ estimate at around five times the price of BTC. Now with BTC recently witnessing remarkable <a href="https://www.newsbtc.com/news/bitcoin-blasts-past-70000-in-wild-week-to-register-new-all-time-high/">surges to new all time highs</a> above $71,000, and potentially continuing its <a href="https://bitcoinist.com/bitcoin-primed-for-parabolic-ride-experts-say/" rel="nofollow">upward momentum</a>, Bernstein analysts’ forecast seems more probable.</p> 
<p>Analysts from the private wealth investment firm have disclosed several factors that could trigger BTC’s bullish momentum. Highlighting the success and surging demand for <a href="https://bitcoinist.com/crypto-markets-swell-in-2024-spotlight-bitcoin-etfs/" rel="nofollow">Spot Bitcoin Exchange Traded Funds (ETF)</a>, the company boldly affirmed that large volume of inflows into Spot Bitcoin ETFs could significantly contribute towards increasing the value of BTC.&nbsp;</p> 
<p>“We estimated $10 billion inflows for 2024 and another $60 billion for 2025. In the last 40 trading days since the ETF launch on Jan 10, Bitcoin ETF inflows have crossed $9.5 billion already,” Bernstein analysts wrote.&nbsp;</p> 
<p>Sharing the <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-halving-is-200-days-away-this-happens-every-time-is-it-time-to-doubledown/">sentiment</a> of most crypto analysts in the market, Bernstein analysts believe that the <a href="https://bitcoinist.com/bitcoin-peak-december-over-200000/" rel="nofollow">price of BTC</a> could experience a fresh “break out” after the <a href="https://www.newsbtc.com/news/bitcoin/when-is-the-next-btc-halving-date-bitcoin-halving-guide/">halving event in April 2024. </a>At the time of writing, the cryptocurrency is trading at $68,218, witnessing a slight price correction of about 6.96% in the past 24 hours, according to CoinMarketCap.&nbsp;</p> 
<h2 id="miners-to-become-top-beneficiaries-of-btc-surge">Miners To Become Top Beneficiaries Of BTC Surge</h2> 
<p>In their note, Bernstein analysts highlighted that investing in <a href="https://bitcoinist.com/bitcoin-investment-strategies-shift-with-1-billion-surge/" rel="nofollow">Bitcoin miners</a> could be the best equity proxy to BTC. According to their analysis, BTC miners typically outperform during <a href="https://www.newsbtc.com/bitcoin-news/the-price-peak-puzzle-unraveling-the-timing-of-bitcoin-bull-market-peak/">BTC bullish cycles</a> and conversely underperform during bearish periods.</p> 
<p>As Bitcoin rapidly rises to all time highs above $71,000, Bernstein analysts expect that institutional interest in Bitcoin related equities could top over, with <a href="https://bitcoinist.com/bitcoin-miners-enjoy-2nd-highest-daily-revenue-ever/" rel="nofollow">BTC miners becoming one of the largest beneficiaries. </a>Despite various analysts predicting that the next <a href="https://bitcoinist.com/bitcoin-pre-halving-danger-zone/" rel="nofollow">Bitcoin halving</a> could potentially <a href="https://bitcoinist.com/bitcoin-halving-havoc-only-a-few-miners-may-survive/" rel="nofollow">become a death sentence to small mining companies</a> and solo miners, Bernstein analysts have revealed that the rising price of BTC and elevated transaction fees could serve as a cushioning mechanism for miners during the halving period.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter" src="https://www.tradingview.com/x/YAEKqxPq/" alt="Bitcoin price chart from Tradingview.com" width="3286" height="1530"></p>

Bernstein Analysts Convinced Bitcoin Is Headed For $150,000, Here’s Why

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