Wall Street Turns Bullish On Bitcoin: Predicts $100k+ By Year End

Bitcoin (BTC) had quite a bullish breakout over the last week, hitting the $80,000 price level after several months. Although BTC’s price has fallen to the $78,000 mark in the last few days, Wall Street has become increasingly optimistic on the original cryptocurrency. Several Wall Street analysts predict Bitcoin (BTC) to go beyond the $100k mark by the end of the year. Let’s discuss what these firms have to say and if BTC can realistically hit $100k in the next few months.

Wall Street Predicts Bitcoin To Go Beyond $100k By The End Of This Year

According to Bernstein, Bitcoin (BTC) will hit $125,000 by the end of this year. Hitting $125,000 from current price levels will entail a rally of about 60%. Bernstein further anticipates BTC to hit a new all-time high of $150k by mid-2027, and $300k by 2029. Like many other BTC proponents, Bernstein also anticipates the original cryptocurrency to breach the $1 million mark, predicting the asset to hit seven-figures by 2033. Bernstein’s timeline also falls under BTC’s four-year trajectory. The financial institution predicts a peak of $300k by 2029, four years from BTC’s 2025 peak. It then anticipates the asset to hit $1 million by 2033, four years from its potential 2029 peak.

Also Read: US Banks to Launch Stablecoin: Bank of America, Wells Fargo

Standard Chartered is also quite bullish on Bitcoin (BTC), predicting the asset to hit $100K by the end of this year. The financial institution also anticipates a potential re-test of BTC’s $126,000 peak. Pantera Capital, meanwhile, presents a long-term outlook of $740,000.

Can It Really Hit $100k By The End Of The Year?

Bitcoin (BTC) seems to have turned the tide over the last week. The rally came after President Trump’s recent White House cryptocurrency event. At the event, President Trump stated that the US may purchase a large amount of Bitcoin (BTC) and other cryptocurrencies. The statement may have elevated investor confidence.

Another factor behind Bitcoin’s (BTC) upswing is the US Treasury’s decision to increase bond buybacks. The move has led to increased liquidity which may have trickled into the cryptocurrency market. However, the US Treasury would eventually need to refill its cash account. This could redirect liquidity away from the cryptocurrency market. Bitcoin (BTC) could face a correction under such circumstances.