Bernstein analysts double down on $150,000 bitcoin price prediction

Analysts at Bernstein cited a variety of factors when doubling down on their prediction that the price of bitcoin may hit $150,000 this cycle.

Though the price of bitcoin has pulled back modestly in recent weeks, analysts at Bernstein believe the leading cryptocurrency "is far from done." They have reiterated their prediction that bitcoin will reach $150,000 this cycle, expected by the end of 2025.

The analysts shared their view that the recent correction to a local low of roughly $57,000 effectively "cleaned up the excess leverage on futures contracts on crypto exchanges."

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