Bernstein Stresses Bitcoin Prediction to Hit $200K Cycle High by Late 2025

Research and brokerage firm Bernstein recently reemphasized its prediction that the Bitcoin (BTC) will hit a cycle high of $200K by the end of 2025. Today, the largest cryptocurrency saw a notable pullback, trading above $98K.

Bitcoin, which had recently surpassed the $100.000 mark, faced a sharp pullback after encountering resistance near $101.351, sliding to near $98.000. Despite a momentary peak of $103.650 on Thursday — driven, perhaps, by renewed interest in Bitcoin ETFs in the United States — the leading cryptocurrency failed to sustain its value, experiencing a significant drop of more than ten thousand dollars in a few hours.

Even with the current scenario, a search Bernstein’s CEO reiterated the potential for Bitcoin to reach $200 next year. “We remain convinced that $100.000 is not the final milestone… [and] expect Bitcoin to reach a cycle high of $200.000 by the end of 2025,” Bernstein said.

While some price fluctuations are expected in the short term for the cryptocurrency, analysts emphasize the potential appreciation of the largest crypto asset on the market driven by regulatory advances, as well as the growing utility of Bitcoin.

Bitcoin Catalysts for $200.000 Target; Bernstein Analysis

Os Bitcoin catalysts for reaching $200.000 price target were recently revealed by an analysis shared by research and brokerage firm Bernstein. The information was published by The Block.

According to the publication, market analysis experts at Bernstein have highlighted the key upcoming catalysts that could propel Bitcoin’s price to reach an impressive $200.000 target next year.

“We are entering a stage where we expect intrigue to turn into pain for bitcoin bears,” experts led by Gautam Chhugani said in a note today. “Bitcoin to $100K seems to be around the corner and our target of $200K for bitcoin [by the end of] 2025 now does not seem so elusive.”

Bernstein analysts highlighted progress toward a strategic bitcoin reserve in the U.S., as promised by President-elect Donald Trump, as a key catalyst. “Demand for bitcoin in this cycle is led by institutions, corporations and retail,” they said.

At the time of publication, the price of Bitcoin was quoted at US$98.475,72 with a drop of 1% in the last 24 hours.