- Bitcoin analysts at AllianceBernstein and Standard Chartered predict BTC will hit $150,000 in the next 18 months, even after the recent price drop.
- The launch of spot Bitcoin ETFs in the U.S. is seen as a key driver that will continue to fuel demand and push prices higher.
- Reversing outflows and renewed inflows into Bitcoin ETFs over the weekend suggest the upward trajectory will continue.
Bitcoin may be trading below its 2021 record high of $69,044, mired in the doldrums after setting an all-time high of $in March. But that doesn’t mean the price can’t double by the end of 2025—or even sooner.
Bernstein Analysts Predict $150K Bitcoin
That’s according to analysts at investment firm AllianceBernstein, who said in a Monday report that they feel even better about their $150,000 price prediction for the biggest cryptocurrency.
The analysts at the leading financial firm set the optimistic mark last year. Despite current market conditions, they see a long bull run ahead.
Standard Chartered Also Forecasts $150K
They are not the only experts that say $150,000 is within sight.
British multinational bank Standard Chartered said last month that the ETFs will continue to be popular and included in broader macro funds, which will lead to the price of the cryptocurrency to rocket to $150,000 by the end of this year.
The analysts from both firms saw the January launch of spot Bitcoin ETFs as a key driver.
ETFs Drive Institutional Interest
Back in January, the US Securities and Exchange Commission finally authorized 11 spot Bitcoin ETFs, allowing them to trade on stock exchanges. The funds have drawn a flood of capital into the market as ordinary investors sought exposure to the cryptocurrency via brokerage accounts offered by traditional financial firms like VanEck, BlackRock and Fidelity.
Buoyed by ETF fever, the price of Bitcoin hit a new all-time high of $73,747 two months ago but has since struggled, dropping below $57,000 last week. BTC is now trading at a little over $63,000 per coin according to CoinGecko.
Over the weekend, however, ETF outflows reversed course as money again flooded into the funds. The recent upward trajectory cleaned up the excess leverage on futures contracts on crypto exchanges, the Bernstein analysts said, suggesting that it’s only up from here.
Conclusion
Despite Bitcoin’s recent struggles, analysts at top financial institutions remain bullish on its long-term prospects, predicting the price will double to $150,000 on the back of rising institutional adoption through ETFs. While the road may be bumpy, these analysts see smooth sailing ahead for the top cryptocurrency over the next year and a half.
