Investment research firm Bernstein has forecasted a potential surge in Bitcoin’s price to $150,000 by 2025, driven by growing optimism surrounding the approval of a Bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC). Analyst Gautam Chhugani anticipates the SEC’s approval in early 2024, aligning with JP Morgan’s 90% likelihood prediction. A Bitcoin ETF could open doors for mainstream investors, currently limited to Grayscale Bitcoin Trust (GBTC), potentially marking a significant turnaround from last year’s sell-off. The “halving” event in 2024 is also expected to support Bitcoin’s price.