Investing.com
Analysts at research and brokerage firm Bernstein have raised their Bitcoin price forecast to $200,000, up from their previous target of $150,000. Bitcoin and crypto-related stocks remain underrated and are ripe for institutional inflection as pessimism from past regulatory hurdles fades, the analysts wrote in a note on Thursday. "We remain convinced in our Bitcoin new cycle thesis," the analysts wrote, adding that Bitcoin has been increasingly adopted by institutional investors and global asset managers.