As 2025 unfolds, analysts from Bernstein have shared bold predictions for Bitcoin and the broader crypto market.
They foresee Bitcoin reaching $200,000 by the end of the year, primarily driven by strong institutional demand. This projection excludes potential government purchases, though former President Donald Trump’s proposal for a U.S. Bitcoin reserve could significantly impact the market.
Bernstein’s vision for 2025 extends beyond Bitcoin’s price surge. They estimate over $70 billion in net inflows from spot Bitcoin ETFs, a stablecoin market exceeding $500 billion, and continued regulatory advancements shaping the crypto landscape. Gautam Chhugani and his team describe this period as the beginning of the “Age of Eternity” for cryptocurrencies.
Institutional adoption remains central to their outlook, with corporate treasuries and ETFs expected to intensify Bitcoin accumulation. Analysts suggest that if Bitcoin lingers below $100,000, ownership will increasingly shift from short-term traders to long-term holders, such as MicroStrategy and Bitcoin ETF investors. They also anticipate the launch of a Solana ETF later this year, further diversifying the market.
Ethereum, too, is poised for significant growth, with Bernstein dubbing it the next “institutional darling.” The team highlights Ethereum’s appeal to traditional investors, citing that 28% of ETH is staked, 3% is held by ETFs, and 7.5% is locked in smart contracts. These factors, they argue, will elevate Ethereum’s position in institutional portfolios and drive its price higher.
Bernstein also predicts a resolution of key regulatory challenges, including the SEC’s lawsuits against crypto companies. This could pave the way for more private crypto firms to go public, further fueling market momentum and adoption.
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