Bernstein has always had an optimistic view of Bitcoin. In a previous report, it pointed out that the introduction of spot Bitcoin ETFs and the participation of major brokerage traders will continue to provide structural demand for Bitcoin. Bernstein has always believed that Bitcoin will reach a cyclical high point of $150,000 in 2025, with a target price of $90,000 by the end of 2024.
Bernstein: Cryptocurrency ETFs to Attract Billions of Dollars Within Two Years, ETH Paving the Way for Other Blockchain Tokens