The Bitcoin market has been experiencing a slight lull of late, particularly in terms of Bitcoin spot ETF flows. However, Bernstein analysts are not alarmed by this trend. Rather, they predict a temporary pause before BTC resumes its bull run and reaches its target of $150,000 by the end of 2025.
Slowdown in Bitcoin ETF flows: A temporary pause
While spot BTC ETF flows have slowed in recent weeks, Bernstein analysts believe this is merely a pause in the overall uptrend. They point out that Bitcoin adoption continues to grow, with an increasing number of institutional investors taking an interest.
Price target of $150,000 by the end of 2025 maintained
Despite this temporary slowdown, Bernstein maintains its price target of $150,000 for BTC by the end of 2025. Analysts are basing their optimism on several factors, including the growing adoption of Bitcoin, the weakening of the US dollar and the reduction in Bitcoin supply.
Conclusion
While the Bitcoin market is experiencing a slight lull, Bernstein analysts remain optimistic about the cryptocurrency's future. They predict a resumption of the upward trend and a price target of $150,000 by the end of 2025.
