news.bitcoin.com
Bernstein reaffirmed its $200,000 Bitcoin price forecast, labeling it “high-conviction but conservative,” based on accelerating institutional investment and structural market evolution.
The firm cites the success of spot bitcoin ETFs, which now manage approximately $120 billion in assets, as validation of BTC’s role as a mainstream macro asset. This institutionalization is viewed as a foundational shift that reduces risk and enhances credibility. Bernstein contends that growing adoption by real-world financial entities supports long-term valuation growth. The report suggests bitcoin’s trajectory is no longer speculative but rooted in systemic integration across capital markets and investor infrastructure.