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Bernstein Report: Bitcoin is expected to return to its bullish trajectory after Halving, pump to $150,000 by the end of 2025
According to The Block, analysts at investment research firm Bernstein expect Bitcoin to resume its bullish trajectory after the Halving, reiterating its goal of reaching $150,000 by the end of 2025.
"We expect Bitcoin's bullish trajectory to resume after Halving, when Mining Computing Power have been adjusted and ETF inflows will recover (negative to flat for the past 10 days)," Gautam Chhugani and Mahika Sapra wrote in a note to clients on Wednesday. In addition, we believe that the integration of Spot Bitcoin ETF with securities firms and independent investment advisers will continue to provide structural demand for Bitcoin. We still expect Bitcoin to hit a cycle high of $150,000 by 2025. 」