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Bernstein: Bitcoin will reach $200,000 by the end of 2025 or early 2026

The network reported that Bernstein analysts predict that Bitcoin will reach US$200,000 by the end of 2025 or early 2026, pointing out that as the market cycle expands beyond Bitcoin, the growth of networks such as Ethereum and Solana will also strengthen their investment arguments. Bernstein believes this bull market will be "long and difficult" and that unlike previous cycles driven by retail investors, the current cycle relies more on the participation and adoption of institutional investors.

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