Bernstein predicts that Bitcoin could reach $200,000 in the next 6 to 12 months | $BTC
Bernstein's prediction in detail
Revised forecast: Bernstein, a firm with $800 billion under management, has reaffirmed a prediction that Bitcoin could reach $200,000 by the end of 2025 or early 2026. It is considered a "high-conviction but conservative" view.
Flexible time horizon: The firm suggests that this target could be reached within 6 to 12 months, extending even to 2027, within the framework of a prolonged bull cycle.
What supports it?
1. Growing institutional adoption
Massive inflows to Bitcoin ETFs in the U.S., with assets under management exceeding $100 billion.
Companies and corporate managers are adopting Bitcoin as a reserve asset.
2. Favorable regulatory clarity
Advancements like the GENIUS Act and other regulatory frameworks have cleared the way for institutional investors to adopt crypto in a more structured manner.
3. Strength of the crypto ecosystem
Increased robustness in infrastructures like ETFs, stablecoins, and adoption in treasuries.
Sustainable growth of the ecosystem beyond speculative trading.
Alternative view: it is possible, but unlikely for this year
Insufficient buying volume, warns James Check (Glassnode):
He considers that a jump to $200,000 this year is "very unlikely," especially without support from large, stable market flows.
He warns that a rapid rise without volume can reverse just as quickly.
Many believe the market needs consolidation at levels above $120,000 before aspiring to new highs.
