According to Bernstein’s prediction, Bitcoin ETFs are close to approval at major wirehouses and private banks, with potential approval in Q3 or Q4. They also affirm their BTC price target of $200,000 by the end of 2025. Although skepticism prevails about the trade of ETFs being driven by retail investors, Bernstein mentions that institutional investors are now considering “net long” positions more as ETF liquidity improves. Additionally, they expect increased demand from corporate treasuries, supported by the new guidelines of FASB. Despite recent outflows, Bernstein predicts increased inflows and considers the current market levels as captivating entry points for Bitcoin investments.
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