Bernstein says Bitcoin to hit $100k soon, $200k by 2025 on regulatory ease
Investing.com – Bernstein on Monday in a note said Bitcoin would hit $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 includes boosting U.S.-based Bitcoin mining, simplifying token registration, and supporting stablecoin legislation, are expected to fuel institutional and sovereign demand for digital assets.
