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.

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