Analysts at Bernstein, Bitcoin by changing its forecasts that its price could rise to $15,000 this cycle.

Although the price of Bitcoin has retreated modestly in recent weeks, analysts at Bernstein believe that the leading cryptocurrency is “far from done”. They reiterated their prediction that BTC will reach $150,000 this cycle and that this will happen by the end of 2025.

Analysts came up with a wide-ranging Bitcoin assessment!

Analysts shared the view that the recent correction to around $57,000 effectively “purged excess leverage from futures contracts on crypto exchanges.”

In addition, Bitcoin exchange-traded funds in the United States (ETF) reversed course, returning to combined net inflows after eight consecutive days of outflows, they noted. Even Grayscale’s GBTC ETF recorded net inflows of $63 million on Friday after a 78-day outflow streak. “This is a significant development given that GBTC has been a significant and sustained source of outflows and the new 9 ETFs have had to absorb this,” they explained.

Bernstein analysts also cited strong overall inflows into ETFs over the past three months, new incentives for corporate treasuries to buy BTC, a stable hash rate post-Halving, healthy transaction fees and suppressed prices for BTC mining equipment as healthy signs for the overall market.