Bernstein reaffirmed its $200,000 Bitcoin price forecast, labeling it “high-conviction but conservative,” based on accelerating institutional investment and structural market evolution. The firm cites the success of spot bitcoin ETFs, which now manage approximately $120 billion in assets, as validation of BTC’s role as a mainstream macro asset. This institutionalization is viewed as a foundationalBernstein reaffirmed its $200,000 Bitcoin price forecast, labeling it “high-conviction but conservative,” based on accelerating institutional investment and structural market evolution. The firm cites the success of spot bitcoin ETFs, which now manage approximately $120 billion in assets, as validation of BTC’s role as a mainstream macro asset. This institutionalization is viewed as a foundational […]