Bernstein: Bitcoin price target is $200,000 by 2025

Bernstein analysts have released ten predictions for the cryptocurrency industry in 2025. They reiterate their Bitcoin price target of $200,000 and point out that the stablecoin market will exceed $500 billion. The net inflow of funds into spot Bitcoin ETFs will exceed $70 billion, and the integration of cryptocurrency and artificial intelligence will deepen further.

Bernstein calls 2025 the beginning of the "infinite era" and believes that it is a "long period in which cryptocurrency technology continues to evolve and is widely accepted." Analyst Gautam Chhugani said that the cryptocurrency industry will gradually move away from cyclical fluctuations, integrate into the financial system, and become an important part of the intelligent era. The report predicts that the US spot Bitcoin ETF will attract net inflows of more than $70 billion, institutional adoption rates will rise rapidly, and the ETF investment holding ratio will increase from 22% in 2024 to 40%. At the same time, MicroStrategy and Bitcoin miners' capital expansion plans will drive corporate financial adoption to reach $50 billion in 2025. In addition, Bernstein expects the integration of AI and the cryptocurrency industry to give rise to innovative areas such as decentralized AI blockchains, AI-integrated cryptocurrency wallets, and verification services based on "human authentication"; Bitcoin miners will also increasingly turn to AI to optimize their business models and attract a wider range of institutional investors.