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**Bernstein Maintains $150,000 Bitcoin Prediction Despite Decrease in ETF Investment**

Apr 29, 2024

Despite a decrease in investment in exchange-traded funds (ETFs), Bernstein analysts are sticking to their prediction that bitcoin will reach $150,000. They described the recent decline in capital flowing into spot Bitcoin ETFs as a "short-term pause." Analysts believe there will be more integration between these products and platforms of private banks, brokers, and investment advisers in the near future. Experts are confident that the BTC rate will hit $150,000 by the end of 2025.

Spot Bitcoin ETFs, launched on January 11, have experienced a slowdown in inflows after reaching a daily record of $1.05 billion on March 12. Despite this, the first cryptocurrency saw its price exceed $73,500 after a two-day wait.

Analysts suggest that both regulatory frameworks on platforms selling Bitcoin funds and the acceptance of the concept by investment advisers will need time to develop further.

Morgan Stanley reportedly plans to allow its 15,000 brokers to recommend their clients to buy units of spot Bitcoin exchange-traded funds (ETFs).

Reports indicate that spot BTC-ETF inflows have been decreasing steadily since March 15, when they were at $12 billion. Data from the Santiment platform suggests that activity among large Bitcoin holders has been declining since mid-March, as cited by analyst Ali Martinez.

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