Bernstein: Now more convinced that Bitcoin will reach $150,000 after sharp rebound
Bernstein analysts stated on Monday that they now believe Bitcoin will reach $150,000 by mid-2025, following the largest digital asset rebound in history. The analysts also predicted that Bitcoin will "explode" after the next halving event, and despite the price drop, some miners have reiterated their bullish views. The brokerage firm reiterated its price target of $150,000 for the world's largest cryptocurrency, citing the booming inflow of funds into exchange-traded funds (ETFs), and advised investors to buy Bitcoin mining stocks for the upcoming rebound.
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