Bernstein research analysts have described their $200,000 Bitcoin price prediction for the end of 2025 as “conservative.” They emphasize the cryptocurrency’s appeal as a ‘store of value’ amidst escalating U.S. debt, which now surpasses $35 trillion. The firm’s latest report, the “Bitcoin Blackbook,” is aimed at making Bitcoin more accessible to institutional investors, likening its potential to that of gold but with greater upside.

On the investment front, Bernstein suggests alternatives for those hesitant to invest directly in Bitcoin. Analysts recommend considering shares in MicroStrategy and Robinhood, noting their expanding crypto services and indirect exposure to Bitcoin’s growth. Additionally, they spotlight U.S.-listed companies like Riot Platforms and CleanSpark, which are enhancing their bitcoin mining capabilities, and Core Scientific, which merges AI hosting with bitcoin mining.

With Bitcoin trading around $66,393, significantly up from the start of the year, Bernstein remains bullish. They see further growth potential, particularly for Core Scientific, which recently expanded its AI hosting capacity, solidifying its market position amidst a $2 billion contract extension.