Bitcoin is set to rocket to $150,000 by the middle of 2025 as the world's largest cryptocurrency begins a new cycle, Bernstein says

• Bitcoin could soar 337% to hit $150,000 by mid-2025, according to analysts at Bernstein.
• While April's halving will reduce supply, demand will jump on the potential approval of spot bitcoin ETFs.
• "You may not like bitcoin as much as we do, but a dispassionate view of bitcoin as a commodity suggests a turn of the cycle."

Bitcoin will soar 337% to $150,000 by mid-2025 as the world's largest cryptocurrency begins a new cycle, according to analysts at Bernstein.

In a note initiating coverage of crypto miners, Bernstein said bitcoin is on the brink of potentially big industry market moves, including bitcoin's upcoming halving and the likely approval of the first spot bitcoin ETFs.