Core Viewpoint - Standard Chartered and Bernstein analysts predict a significant bullish trend for Bitcoin, with expectations of reaching $120,000 in Q2 2025 and $200,000 by the end of 2025, driven by various market dynamics and supply constraints [2][4][6]. Group 1: Standard Chartered Analysis - Geoffrey Kendrick, the global head of digital asset research at Standard Chartered, forecasts a new wave of Bitcoin price increases, supported by multiple indicators [4]. - The U.S. Treasury yield curve premium has reached a 12-year high, suggesting bullish sentiment for Bitcoin [4]. - U.S. investors are actively seeking non-U.S. assets, particularly after recent tariff announcements, while Asian investors are also increasing their Bitcoin purchases, enhancing upward momentum [4]. - "Whale" investors holding over 1,000 Bitcoins are accumulating during market downturns, mirroring behaviors seen in previous significant market movements [4]. - Recent ETF fund flows indicate a shift from gold to Bitcoin, highlighting Bitcoin's appeal as a safe-haven asset [4][6]. Group 2: Bernstein Analysis - Bernstein analysts echo the optimistic outlook for Bitcoin, citing the exhaustion of retail selling pressure, increased corporate accumulation, and the return of Bitcoin ETF funds as factors driving supply constraints [6]. - They predict Bitcoin will reach approximately $200,000 by the end of 2025, $500,000 by the end of 2029, and $1,000,000 by the end of 2033, driven by its fundamental demand trajectory and the mathematically proven supply cap of 21 million Bitcoins [6]. - Currently, 19.9 million Bitcoins have been mined, with nearly 95% of the remaining 1.1 million expected to be mined within the next decade, making it challenging to adopt a pessimistic view on this asset under current supply-demand dynamics [6].
比特币9.5万美元震荡！渣打预测Q2冲上12万，伯恩斯坦：机构需求挤压BTC年底上看20万