Bernstein analysts believe that, despite the correction, the Bitcoin market is still at the early stage of the bull cycle, and the first cryptocurrency course can reach $ 200,000 at the end of 2025 or at the beginning of 2026.
Bernstein believes that the pessimistic forecasts of prolonged stagnation or the fall in the cost of bitcoin are unjustified. In fact, the situation is not as depressing, as some researchers suggest.
The stable influx of institutional capital in cryptocurrency exchange funds (ETF) and the growing participation of corporate counterparties investing their funds in the first cryptocurrency can become catalysts to increase the price of bitcoin in the medium term, analysts are convinced.
If during the year high volatility is preserved on the market due to macroeconomic risks and actions of US President Donald Trump, then a delay in reaching Bitcoin maximum in this cycle is possible, and Bernstein suggest.
As for forecasts for other crypto industry segments, experts believe that stablecoins and tokenized assets of the real world (RWA) will perform the main “locomotives” of the market – they will demonstrate the largest growth in the conditions of a transparent regulatory environment.
Earlier, representatives of the Matrixport financial platform reported that, despite the drop in bitcoin quotes, the dominance of the first cryptocurrency in the market reached a new cyclic maximum, exceeding the previous peak.
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Source: Cryptocurrency

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