Bitcoin

when

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Global asset management firm Bernstein is increasingly <a href="https://twitter.com/DeItaone/status/1767513052088320470" rel="noopener noreferrer nofollow">confident</a> that Bitcoin's price can hit the $150,000 mark.&nbsp;
In a recent note to its clients, Bernstein pointed to the current bullish trend on Bitcoin's market, which is trading above $72,000. It has urged investors to consider purchasing Bitcoin miners.&nbsp;
The firm believes that the recent dip in Bitcoin miner stock represents a valuable investment opportunity before the upcoming halving event, which is expected to further drive up the price of the flagship coin.
<h2 id="reason-behind-bullishness">Reason behind bullishness &nbsp;</h2>
Bernstein's analysis points to Bitcoin miners as the most viable equity option for participating in the ongoing rally.&nbsp;
The firm's analyst, Gautam Chhugani, expressed strong conviction in <a href="https://u.today/bitcoin-spot-etfs-near-60-billion-in-net-assets-amid-heavy-trading" rel="noopener noreferrer nofollow">Bitcoin</a> reaching the $150,000 target.&nbsp;
This optimism is backed by substantial inflows into Bitcoin, particularly highlighted by the $9.5 billion that flowed into Bitcoin ETFs within 40 days of their launch in January.&nbsp;
Chhugani sees this as just the beginning of Bitcoin's integration into mainstream investment portfolios. It anticipates further institutional investment following the halving.
<h2 id="historical-context">Historical context</h2>
Bernstein's prediction of Bitcoin reaching $150,000 is not sudden; it was first mentioned in October 2023 when Bitcoin was trading at around $34,400.&nbsp;
As <a href="https://u.today/bitcoin-to-150000-bernstein-says-yes" rel="noopener noreferrer nofollow">reported by U.Today</a>, Bernstein's prediction also relies on the historical price-to-marginal cost ratio of Bitcoin, which has proven to be a reliable indicator of its market value. This metric reflects the profitability margin for miners and helps gauge overall market sentiment.&nbsp;
With past cycles showing substantial returns above marginal cost, Bernstein anticipates a similar trend, leading to their mid-2025 price target of $150,000.

Bernstein Sees Bitcoin Reaching $150,000

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