The analysts of Bernstein, the giant institution of Wall Street, raised their year-end Bitcoin (BTC) price forecast.
In a report released on Thursday, March 21st, Bernstein analysts announced that they have made a change in their Bitcoin price expectations for the year-end. Analysts raised their year-end expectations for Bitcoin from $80,000 to $90,000.
In contrast to general expectations after the halving of Bitcoin, analysts expressed a different anticipation of a possible decline. The analysts’ expectation of a decline after the halving remained limited to 7%.
While stating that this decrease would be nothing more than a short-term correction, some mining companies were mentioned to become more valuable after the halving.
In this direction, Bernstein analysts increased 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 record-high mining revenues will elevate Bitcoin miners to a more attractive position.
