Analysts at research and brokerage firm Bernstein expect Bitcoin to resume its bullish trajectory after the halving and reiterated their target of $150,000 by the end of 2025.
Gautam Chhugani and Mahika Sapra wrote in a note to clients on Wednesday: "We expect Bitcoin's bullish trajectory to resume after the halving, when mining hashrate has adjusted and ETF inflows resume. In addition, we believe that the integration of spot Bitcoin ETH with exchanges, RIAs will continue to provide structural demand for Bitcoin. We still expect Bitcoin to hit a cycle high of $150,000 by 2025." (The Block)