Bernstein’s bullish 2025 outlook includes a $200,000 Bitcoin target and record ETF inflows under the crypto-friendly Donald Trump’s administration.
By Anisha Pandey
Edited by Julia Sakovich
Updated
3 mins read
As the crypto market kicks off 2025, analysts at Bernstein Research have laid out a bold vision for what they term the “Infinity Age” of cryptocurrency. In a client note issued on January 6, the company’s managing director Gautam Chhugani outlined predictions that frame cryptocurrency as no longer a fringe innovation but a foundational part of global finance.
“Expect less of boom-bust patterns. Crypto is now firmly on the radar of corporations, banks, and institutions,” Chhugani explained.
Bitcoin BTC $105 078 24h volatility: 0.2% Market cap: $2.08 T Vol. 24h: $22.15 B has kicked off the year on a bullish note, currently trading around $99,200 with a 6% gain since 2025 began. Bernstein analysts reiterated their ambitious $200,000 price target by the end of 2025. This optimism aligns with President-elect Donald Trump’s pro-Bitcoin stance, including his pledge to accumulate a strategic Bitcoin stockpile.
Bernstein also noted the recent trend of increasing corporate embrace of Bitcoin, projecting treasury inflows to surpass $50 billion in 2025, up from $24 billion last year. As of now, Michael Saylor’s MicroStrategy remains a frontrunner in this space, holding over 446,400 Bitcoin. Chhugani believes that smaller corporations would likely emulate MicroStrategy’s Bitcoin-centric treasury plan.
The analysts also forecast a dramatic rise in spot Bitcoin ETF inflows, predicting over $70 billion in net investments by year-end — double the $35 billion recorded in 2024. Notably, spot Bitcoin ETFs have started 2025 on a high note. On January 3, these funds cumulatively recorded a net inflow of $908 million, the highest since November 21, 2024. These funds have accumulated a total inflow of $35.9 billion in less than a year.
While Bitcoin leads the charge, Ethereum ETH $3 336 24h volatility: 0.3% Market cap: $402.10 B Vol. 24h: $12.95 B is emerging as the “institutional darling” of 2025, according to Bernstein. Despite underwhelming performance in 2024, they noted Ethereum’s limited supply and diverse utility across Layer 1 and Layer 2 chains as compelling factors for traditional investors. Ethereum-based ETFs, with a current total net inflow of $2.64 billion, are expected to maintain their popularity.
Additionally, Bernstein predicts that investors could see a Solana ETF launch by the end of the year.
Beyond Bitcoin and Ethereum, the Infinity Age brings regulatory optimism. The incoming pro-crypto US administration is expected to introduce favorable legislation on stablecoins and digital asset markets. According to Bernstein, a more crypto-friendly SEC could resolve pending cases with crypto firms, paving the way for initial public offerings (IPOs) and unlocking new growth opportunities.
This regulatory clarity is likely to drive exponential growth in the stablecoin market, which Chhugani predicts will exceed $500 billion by year-end, more than doubling its current size.
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With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.