After the upcoming halving, we can expect the Bitcoin rally to resume with a target price of $150,000.
This prediction was made by Bernstein, who previously saw the correction to $63,000 as a buying opportunity before the halving.
However, they have since revised their forecast to $80,000-90,000 by the end of the year, with the expectation of reaching $150,000 during the 2024-2025 bull market.
The experts also noted that the integration of spot Bitcoin ETFs with platforms and RIAs will create structural demand.
This was also identified by Bloomberg analyst Eric Balchunas as one of the “powerful catalysts” for Bitcoin’s growth, along with the potential approval of exchange-traded fund options.
