On Tuesday, Bernstein raised its Bitcoin price projection to $90,000 by year-end, marking an increase from the previous forecast of $80,000, as detailed in a research note on Thursday, initially covered by CoinDesk. Additionally, the firm enhanced its expectations for cryptocurrency mining stocks, citing Bitcoin’s surge towards $74,000 and the favorable response to the introduction of new spot Bitcoin ETFs.
Bernstein raised its year-end Bitcoin price target to $90,000 from $80,000 on Tuesday, as outlined in a research note published on Thursday and initially reported by CoinDesk. Additionally, the firm expressed increased optimism regarding cryptocurrency mining stocks, citing Bitcoin’s ascent toward $74,000 and the favorable response to the introduction of new spot Bitcoin ETFs.
