In the past 30 days, Bitcoin (CRYPTO: BTC) has now risen more than 15%. This is a significant rebound, especially considering the uncertain economic situation related to tariffs and Bitcoin's decline earlier in the year.

At one point, it seemed that Bitcoin could fall below 70,000 dollars. Now, the price has nearly reached 100,000 dollars. And that may just be the beginning. Here’s a deeper look at four bullish price predictions for Bitcoin.

Bitcoin at 200,000 dollars

At the beginning of the year, excitement in the cryptocurrency market led many investors to predict that Bitcoin could double in price by the end of 2025. For example, in January, investment firm Bernstein released a price forecast of 200,000 dollars for Bitcoin. And this company doubled that price forecast, even as Bitcoin's price fell sharply in February and March.

There are several key components of this 200,000 dollar price forecast. The main factor is institutional investment, measured by the amount of money flowing into Bitcoin exchange-traded funds (ETFs). Over 100 billion dollars has flowed into these ETFs, and the current thinking is that the pace of inflows could actually accelerate.

At the same time, Bernstein describes a kind of new gold rush for cryptocurrencies, driven by the pro-cryptocurrency and pro-Bitcoin policies of President Donald Trump. Significant steps have already been taken -- such as the establishment of a new strategic Bitcoin reserve fund. And many other advances are still underway, such as a new comprehensive regulatory framework for the cryptocurrency market.

Bitcoin at 700,000 dollars

At the World Economic Forum in January, BlackRock CEO Larry Fink drew attention by suggesting that Bitcoin could ultimately reach a price target of 700,000 dollars. Since BlackRock is the company behind the largest and most successful Bitcoin spot ETF -- iShares Bitcoin Trust (NASDAQ: IBIT) -- it is worth listening to what he has to say.

According to Fink, the key to Bitcoin skyrocketing to 700,000 dollars is a higher asset allocation from large institutional investors into cryptocurrencies. He cited national investment funds that may be considering increasing their portfolio allocation to Bitcoin. If large investors decide to increase their allocation to 5%, that’s when Bitcoin's price could really take off.

Bitcoin at 2.4 million dollars

Now we are entering truly rarefied air, with price predictions above 1 million dollars. It can be said that the most famous 1 million dollar price prediction comes from Cathie Wood of Ark Invest. Since that prediction, she has continued to raise that price target, from 1 million dollars to 1.48 million dollars, and then from 1.48 million dollars to 2.4 million dollars.

That's an incredible price target, but the math behind it really works. Each year, Ark Invest releases its "Big Ideas" report, and in each report, there is a detailed analysis of how the company arrives at its Bitcoin valuation. The valuation model focuses on six specific areas that Bitcoin is beginning to attract attention.

Like the two other price predictions above, this forecast from Ark Invest also focuses on institutional adoption of Bitcoin. In a downturn scenario, these investors would only allocate 1% of their money to Bitcoin. In a base case, they would allocate 2.5%. And in a bull case -- the case where Bitcoin skyrockets to 2.4 million dollars -- that allocation rises to 6.5%. The logic here is very simple: The more investors allocate to Bitcoin, the higher the price of Bitcoin will go.

Bitcoin at 10 million dollars

Do you think 1 million dollars is an absurdly high price target? What about 10 million dollars? According to Michael Saylor, founder and executive chairman of Strategy, formerly MicroStrategy, Bitcoin is on track to reach the 10 million dollar mark. In fact, last November, he suggested that Bitcoin could actually reach 13 million dollars by 2045.

At a price of 10 million dollars, Bitcoin would have a total market capitalization of about 200 trillion dollars. In comparison, the current total market capitalization of gold is about 20 trillion dollars. So we might be talking about Bitcoin becoming the most valuable asset in the world and it won't even be close.

You determine the likelihood of this scenario, but you have to give credit to Saylor for proving his prediction by purchasing Bitcoin in the real world. Strategy is now the largest Bitcoin holding company in the world, with 553,555 Bitcoin on its balance sheet. At current prices, that amount is worth 52 billion dollars.

What is the most likely price trajectory for Bitcoin?

Price forecasts can vary significantly, depending on the factors that forecasters consider most important. Just adjusting a few variables can yield some truly astounding future price predictions.

The big question in the short term is how Bitcoin will hold up under the weight of global tariffs. Ultimately, if money flows into Bitcoin from investors seeking a long-term store of value, some of the more outlandish price targets could become much closer to reality than many think.