Ramazan Eles 
Asset management firm Bernstein has raised its price target for Bitcoin (BTC) by 33%.
Bernstein analysts raised their price target for Bitcoin to $200,000 by the end of 2025 from $150,000. In their explanation, they stated that Spot Bitcoin ETFs have successfully attracted money from traditional finance and that this will continue.
It is predicted that the spot Bitcoin ETF volume will be equivalent to 15% of the Bitcoin supply by 2033
We believe that US-regulated ETFs are a turning point for crypto, bringing structural demand from traditional capital pools. Net new inflows of approximately $15 billion have been provided from the total of ETFs. We expect Bitcoin ETFs to be equivalent to approximately 7% of the circulating Bitcoin by 2025 and 15% of the Bitcoin supply by 2033.
They also raised MicroStrategy estimates
Analysts also suggested that MicroStrategy shares could outperform by targeting a price of $2,890.
The report states that MicroStrategy’s long-term convertible debt strategy means it has enough time to benefit from Bitcoin’s potential upside and has limited liquidation risk to Bitcoin on its balance sheet.
However, it was also stated that MicroStrategy currently owns 1.1% of the Bitcoin supply with a market capitalization of approximately $14.5 billion and has transformed itself from a small software company in four years.