Bernstein reaffirmed its $200,000 Bitcoin worth forecast, labeling it “high-conviction however conservative,” based mostly on accelerating institutional funding and structural market evolution.
The agency cites the success of spot bitcoin ETFs, which now handle roughly $120 billion in belongings, as validation of BTC’s function as a mainstream macro asset. This institutionalization is considered as a foundational shift that reduces danger and enhances credibility. Bernstein contends that rising adoption by real-world monetary entities helps long-term valuation progress. The report suggests bitcoin’s trajectory is now not speculative however rooted in systemic integration throughout capital markets and investor infrastructure.
