TechFlow news, Bernstein expects Bitcoin to continue rising after the halving, with a target price of $150,000 by the end of 2025. Bernstein believes that with adjustments in mining hash rate and the recovery of ETF fund flows, Bitcoin will enter a new bull market. Spot Bitcoin ETFs are expected to launch on major Wirehouse platforms within months, bringing additional capital inflows to the market.
Historical data shows that Bitcoin halvings are typically accompanied by significant price volatility, but there is no direct causal relationship. Bernstein argues that the halving itself does not drive Bitcoin price increases, but rather new demand does. They note that price breakthroughs often occur after halving events, with new demand catalysts including the approval of spot Bitcoin ETFs and growing interest from global asset management firms.
