Bernstein: Bitcoin Will Hit $150,000 After Halving

Analysts at analyst and brokerage firm Bernstein expect Bitcoin to resume its upward trajectory after halving, reiterating their target of $150,000 by the end of 2025.

Gautam Chhugani and Mahika Sapra wrote in a note to clients on Wednesday:

“We expect Bitcoin’s bullish trajectory to resume post-halving, when the mining hash rates have adjusted and ETF inflows resume back (negative to flat flows last 10 days).”

This view mirrors that of Bloomberg ETF analyst Eric Balchunas, who last month said that making Bitcoin exchange-traded funds available for spot on major wirehouse platforms-which he identified as looking after between $7 trillion and $10 trillion in assets-was “like putting a product on the shelf of Whole Foods or a big food store. Just that kind of exposure and availability is only going to help.”