Bernstein’s Bitcoin Predictions

Investing.com – Bernstein on Monday in a note said Bitcoin would hit the $100,000 mark imminently and reaffirmed its $200,000 target by 2025.

Currently trading above $90,000, Bitcoin has been rallying since Donald Trump’s election as U.S. president, driven by expectations of regulatory easing.

The brokerage pointed to key upcoming appointments, including a new SEC chair and Treasury Secretary, as critical for the crypto market.

> “We expect the SEC chair and Treasury position to be filled by a pro-crypto candidate and that the market should remain positive, regardless of specific appointments,” analysts wrote.

Bernstein also highlighted progress in the U.S. toward establishing a Bitcoin reserve but noted that the legislative process could take time.

> “For us, the demand for Bitcoin this cycle is led by institutions, corporates and retail,” analysts said, adding that momentum signals a shift to broader institutional and sovereign interest in the asset.

Bernstein anticipates this cycle to transition from being retail and corporate-led to sovereign-driven, bolstered by deregulation and anti-Central Bank Digital Currency (CBDC) sentiments.

Trump’s promises, which include boosting U.S.-based Bitcoin mining, simplifying token registration, and supporting stablecoin legislation, are expected to fuel institutional and sovereign demand for digital assets.