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Analysts from Bernstein remain optimistic about Bitcoin’s trajectory, dismissing concerns over the recent slowdown in spot bitcoin ETF flows as merely a “short-term pause.” They anticipate a resurgence in bitcoin’s momentum, projecting a bull run toward a $150,000 target by the end of 2025. Despite the ETF slowdown, YTD returns for Bitcoin stand strong at 46%, influenced by the ‘halving’ event and the successful ETF launch. The analysts believe that integration with private banks, wealth advisors, and more brokerage platforms will soon follow, enhancing Bitcoin’s acceptance as a portfolio asset.
Furthermore, Bernstein’s outlook extends beyond Bitcoin, predicting a tripling of the total crypto market cap to $7.5 trillion within 18 to 24 months. They highlight significant growth potential in various crypto niches, including Ethereum’s favorable risk-reward ratio and innovations in crypto payments and DeFi sectors, driven by platforms like Solana and Uniswap. The growing market for tokenized real-world assets, now valued over $2 billion, underscores the increasing integration of cryptocurrencies with traditional finance.
