As analysts reaffirm the $200K target, pressure on Bitcoin bears is mounting.
Leading research and brokerage firm Bernstein reiterated in a client report on Monday that Bitcoin prices could reach $200,000 by 2025, maintaining its earlier prediction. The firm noted that the shifting political, regulatory, and market conditions remain aligned with its long-term outlook. Bernstein analysts, led by Gautam Chhugani, stated:
We are entering a phase where we expect the bearish conspiracy against Bitcoin to turn into pain.
With Bitcoin trading close to $92,000, Bernstein's June prediction of $200,000 now seems increasingly feasible. Chhugani believes: 'Bitcoin reaching $100,000 seems imminent, and our $200K Bitcoin target for 2025 now doesn't seem so far-fetched.
The report highlights the role of the political landscape, especially under the leadership of elected President Donald Trump's administration, in fostering an environment supportive of cryptocurrencies. Key appointments, including the Chairman of the SEC and the Treasury Secretary, are expected to boost market sentiment. Analysts shared: 'We expect the positions of SEC Chairman and Treasury to be filled by candidates supportive of cryptocurrencies, and regardless of specific appointments, the market should remain optimistic.
SEC Chairman Gary Gensler has faced widespread criticism for his 'enforcement-based regulation' and is expected to resign before the end of his term. President Donald Trump has promised to remove Gensler on his first day in office.
Another driving factor is the push for national Bitcoin reserves. 'This cycle's demand for Bitcoin is led by institutions, corporations, and retail,' the report states, but analysts see a shift: 'We believe the next Bitcoin cycle will be sovereign-led, and the political seeds for sovereign-led markets are being sown today. Clarity in regulation and institutional adoption are further catalysts. The report details:
As regulatory catalysts take effect, we expect renewed confidence in the crypto bull market, reflected not only in the rise of Bitcoin prices but also in the overall crypto market capitalization affecting ETH, SOL, and leading digital asset prices.
Chhugani emphasized the long-term opportunities, stating: 'As most institutional investors reassess their anti-crypto positions, we have a long way to go in making new structural allocations in this market. If you are bullish, we expect you to be on the right side of Bitcoin's history.
Bitcoin recently surged to all-time highs, sparking bullish sentiment among investors and analysts. President Trump's re-election has fueled optimism, and his supportive stance on cryptocurrencies could lead to favorable regulatory changes. Major financial institutions are increasing their Bitcoin exposure, and there has been significant inflow into spot Bitcoin exchange-traded funds (ETFs). For instance, Microstrategy's Executive Chairman Michael Saylor predicts BTC will reach $100,000 by the end of the year and plans to hold a celebration for this milestone, while Bitwise CIO Matt Hougan believes $500,000 is a key benchmark for market maturity.
