The analysts of Bernstein, the giant institution of Wall Street, raised their end-year Bitcoin (BTC) price prediction.
In the report released by Bernstein analysts on Thursday, March 21st, it was announced that there was a change in the Bitcoin price expectation for the end of the year. Analysts raised their end-year expectations for Bitcoin from $80,000 to $90,000.
On the other hand, despite general opinion after the Bitcoin halving, the analysts expressed a different expectation of a possible decline. The expectation of a decline after the halving was limited to 7%.
While it was stated that this decline would be a short-term correction, it was mentioned that some mining companies would become more valuable after the halving.
In this respect, the Bernstein analysts raised the year-end price target of CleanSpark (CLSK), one of the largest Bitcoin mining companies, from $14.20 to $30:
We believe that a new Bitcoin bull cycle, strong ETF entries, aggressive miner capacity expansion, and the all-time highest miner revenues will elevate Bitcoin miners to more attractive positions.
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