The future price prediction of Bitcoin (#BitDigital转型 ) shows significant divergence, but most institutions are optimistic about 2025. Bernstein predicts it will reach $200,000 by 2025 and rise to $500,000 by 2029, while Citibank expects a target of $135,000 to $199,000 by the end of 2025. Pantera Capital, based on the halving cycle model, accurately predicts a price close to $120,000 in August 2025. In the long term, mathematical models indicate that it could break through $400,000 to $660,000 by 2030, and some gold benchmark models even suggest valuations in the million-dollar range. Short-term fluctuations are significantly influenced by ETF capital flows, interest rate policies, and regulatory impacts.