Report: More confident that Bitcoin will reach $150,000 by mid-2025

According to CoinDesk, Bernstein analysts said on Monday that they are more confident in their prediction of Bitcoin (BTC) reaching $150,000 by mid-2025 as the digital asset with the largest market value hit a new historical high this year. The analysts also predicted that Bitcoin will "breakthrough" after the next halving event, and despite a drop in miner stock prices, they still maintain their bullish forecast for some miner stocks. Bernstein reiterated its price target of $150,000 for the world's largest cryptocurrency, citing inflows into booming exchange-traded funds (ETFs), and suggested investors should buy Bitcoin mining stocks to gain exposure to the upcoming uptrend.