In a groundbreaking prediction, major Wall Street firm Bernstein has set a bullish long-term target for Bitcoin’s price, forecasting that it could soar to $1 million by the year 2033. This optimistic outlook comes as Bernstein analysts have raised their price target for Bitcoin to $200,000 by the end of 2025, up from their previous estimate of $150,000.
The report, which covers Michael Saylor’s MicroStrategy, emphasizes the unprecedented demand for spot Bitcoin ETFs and the limited future supply of the cryptocurrency as key factors driving this bullish forecast. Bernstein analysts lauded Saylor for his role in positioning MicroStrategy as a leading Bitcoin company, attracting significant capital for an active Bitcoin acquisition strategy.
Describing MicroStrategy as an “active leveraged bitcoin strategy versus passive spot exchange-traded funds (ETFs),” Bernstein highlighted the company’s success in generating higher Bitcoin per equity share over the past four years. The firm also set a $2,890 price target on MicroStrategy shares, nearly double the current price.
The increasing institutional interest in Bitcoin, with asset managers like BlackRock and Fidelity offering BTC investment products, has been identified as a key driver of the cryptocurrency’s exponential price growth. Bernstein sees MicroStrategy maintaining its position as the world’s top listed Bitcoin player, with ample room for growth in its Bitcoin holdings as adoption of the digital asset continues to expand.
As the world of finance evolves and institutions continue to embrace Bitcoin, Bernstein’s bold prediction underscores the potential for significant gains in the cryptocurrency market in the years to come.
