Bernstein: Bitcoin is expected to reach $150,000 by the end of 2025

ChainCatcher news, according to The Block, research institution Bernstein reiterated in a report that Bitcoin will rise to $150,000 by the end of 2025.

Gautam Chhugani and Mahika Sapra stated in the report: "Indicators suggest this is a healthy cycle, but we are still in the early stages. The current risk-reward remains attractive."

Analysts believe that the recent pullback to around $57,000 has effectively cleared the excessive leverage in cryptocurrency exchange futures contracts. The Grayscale converted GBTC ETF recorded a net inflow of $63 million on Friday after 78 consecutive days of outflows. This is significant considering that GBTC has been a major source of continuous selling, and the other 9 ETFs must absorb this selling.