Catenaa, Tuesday, November 19, 2024 – Leading brokerage firm Bernstein has reaffirmed its bullish Bitcoin forecast, projecting a price surge to $200,000 by 2025. With Bitcoin trading near $92,000, analysts see their target as increasingly plausible, supported by pro-crypto political shifts, sovereign interest, and institutional adoption.
In a client note, Bernstein analysts, led by Gautam Chhugani, stated, “We expect intrigue to turn to pain for the Bitcoin bears,” adding that regulatory clarity under President-elect Donald Trump’s administration could fuel market optimism. Trump’s pledge to replace SEC Chair Gary Gensler and appoint crypto-friendly regulators is viewed as a catalyst for bullish sentiment.
The report anticipates a pivotal shift in Bitcoin demand, moving from retail and institutional buyers to sovereign nations. Analysts highlighted this transition as a driving force behind long-term price growth, with political groundwork for a sovereign-led market already underway.
Institutional adoption continues to surge, with spot Bitcoin ETFs attracting significant inflows. Analysts foresee broader crypto market growth, impacting other digital assets such as Ethereum (ETH) and Solana (SOL). Industry leaders like Michael Saylor and Matt Hougan echo similar optimism, with Saylor predicting Bitcoin to hit $100,000 by year-end and Hougan eyeing $500,000 as a benchmark for market maturity.
