Bernstein: Bitcoin will reach $ 150,000 by the end of 2025

Analysts at Bernstein, a research brokerage firm, said that the price of the flagship crypto asset BTC $56,280.35 Bitcoin -1.52% Market capitalization $1.11 trillion VOL. 24 hours $2.8 billion will resume bullish growth in the near future. Cryptocurrency experts have announced a target price of $ 150,000 by the end of 2025.

Analysts Gautam Chhugani and Mahika Sapra believe that the flow of funds into bitcoin ETFs has slowed down due to the hype and excitement around this event.

«We do not expect the slowdown to become a worrying trend. We believe that this is a temporary phenomenon before ETFs become more integrated with private bank platforms, wealth advisors, and even more brokerage platforms,» the experts said.

The inflow of funds into spot bitcoin ETFs has slowed significantly since reaching a peak of $ 1.05 billion as of March 12. Around the same time, the bitcoin rate approached its record high of $ 73,800.

Experts noted that BTC has actually been trading in the range of $ 62,000 to $ 72,000 for quite some time. This trend has been observed since the end of February.

Analysts see no clear impetus for further growth or decline in the short term. The researchers also said that the US Securities and Exchange Commission (SEC) is likely to refuse to launch spot ETFs on Ethereum by May 23 based on the «unreliable» correlation between the spot and futures markets.

Earlier, Bernstein stated that bitcoin would reach $ 90,000 by the end of 2024, and that the halving that took place on April 20 would be the reason for the price increase of the main crypto asset.