

In October, Bernstein predicted Bitcoin would surge to $150,000 by mid-2025, a 150% increase from its then price of $35,000. Factors boosting Bitcoin's appeal include new U.S. spot Bitcoin ETFs, which have significantly accumulated assets, and the recent Bitcoin halving event. Despite a current price dip, Bernstein reaffirms its bullish forecast, suggesting strong potential for investment growth in Bitcoin, influenced by increasing ETF inflows and the historical impact of halving cycles.