Bitwise report predicts: Maintaining Bitcoin's year-end target price of 200,000.
This year has been tumultuous for the world, with everything from Trump's tariff policies to multiple geopolitical conflicts in the Middle East creating uncertainty for investors regarding the future development of Bitcoin ($BTC).
However, Bitwise, a cryptocurrency asset management company, pointed out in its mid-2025 report that although Bitcoin has not yet reached the expected $200,000 target, they remain steadfast in maintaining this forecast.
The report states that Bitcoin reached a historical high of $112,000 in May, primarily benefiting from strong inflows of spot ETF funds, increased demand from Bitcoin reserve companies, and the U.S. government's establishment of Bitcoin strategic reserves.
The Bitwise research team emphasizes that Ethereum ($ETH) and Solana ($SOL) have performed weakly so far this year, and overall economic risks have hindered the full activation of a bull market, but they remain optimistic about the second half of the year and believe that both $ETH and $SOL are likely to reach new all-time highs.
Image source: Bitwise Bitwise report predicts: Maintaining Bitcoin's year-end target price of 200,000.
Three major positive factors support a bullish outlook for Bitcoin.
According to Bitwise's analysis, three key factors will drive Bitcoin's significant rise in the second half of the year.
The situation for cryptocurrencies in the U.S. is gradually becoming clearer: progress in cryptocurrency legislation is providing a clearer regulatory environment for the market.
Increased demand from institutional investors: The demand for cryptocurrency exposure from institutional investors continues to rise, particularly from mainstream brokerage and wealth management platforms, which have recently approved the entry of Bitcoin ETFs, opening up Bitcoin ETFs to a multi-trillion-dollar wealth market for the first time.
Increased demand for stablecoins: As discussions on the U.S. stablecoin bill enter their final stages, demand for stablecoins in traditional markets is expected to rise significantly.
Two of Bitwise's predictions have been realized, and attention can be paid to national-level Bitcoin strategies in the second half of the year.
In addition to price predictions, Bitwise stated that of the top 10 predictions for the crypto market in 2025 that they proposed in the past, two have been completely accurate, including Coinbase's successful entry into the S&P 500 index and the U.S. Department of Labor's withdrawal of the 401(k) ban, allowing retirement funds to plan for cryptocurrency investments. These developments symbolize the potential for cryptocurrencies to deeply root themselves in the mainstream market.
Bitwise also predicts that the number of countries willing to hold Bitcoin this year will increase from 9 to 18. Although this target may not be fully achieved, the recent actions of countries like the UAE and Pakistan indicate good progress.
Many countries may be privately exploring or accumulating Bitcoin for strategic reasons, expecting more countries to publicly announce their Bitcoin strategies before the end of the year.
Additionally, Bitwise's previous prediction that 2025 will be the year of cryptocurrency IPOs is also nearing full realization. In the first half of this year, three crypto unicorns, including Webull, eToro, and Circle, successfully went public, indicating that the cryptocurrency industry is accelerating towards maturity.
Further reading:
Exchange IPO wave: A look at 5 exchanges that may go public, which one will become the next soaring stock?
‘Bitwise firmly calls: Bitcoin will rise to 200,000 this year, with three major positives still robust!’ This article was first published on ‘Crypto City’
