Bernstein Report: Bitcoin will rise to $150,000 by the end of 2025, but it is still in the early stages

BlockBeats news, May 6, according to The Block, investment research firm Bernstein said in a research report that it reiterated that Bitcoin will rise to $150,000 by the end of 2025.

Gautam Chhugani and Mahika Sapra wrote in a report: "Indicators show that this is a healthy cycle, but it is still in its early stages. The current risk-reward remains attractive."

Analysts believe that the recent pullback to a local low of about $57,000 has effectively "cleaned up excessive leverage in cryptocurrency exchange futures contracts." Grayscale's converted GBTC ETF also recorded a net inflow of $63 million on Friday after 78 consecutive days of outflows. This is significant considering that GBTC has been the source of a large amount of continuous selling, and the other 9 ETFs must absorb these selling.