儘管出現回調，比特幣仍保持看漲前景，分析師預測到 2025 年將達到 15 萬美元

Bernstein 分析師預測，儘管比特幣最近出現回調，但到2025 年仍有望達到15 萬美元 他們觀察到健康的市場指標，包括ETF 流入增加、槓桿率下降以及算力和交易費用等強勁的基本面，這表明比特幣正處於早期階段。

Bitcoin's Bullish Outlook Undeterred by Recent Pullback, Analysts Predict $150,000 by 2025

比特幣的看漲前景並未受到近期回檔的影響，分析師預測 2025 年將達到 15 萬美元

Despite a recent modest price setback, the cryptocurrency market remains firmly in a bullish trend, with leading financial analysts reiterating their unwavering belief in Bitcoin's upward trajectory. Renowned analysts at Bernstein have steadfastly maintained their forecast that Bitcoin will soar to $150,000 by the end of 2025, a remarkable affirmation of the cryptocurrency's long-term prospects.

儘管最近價格小幅回落，但加密貨幣市場仍堅定地處於看漲趨勢，領先的金融分析師重申了他們對比特幣上漲軌蹟的堅定信念。伯恩斯坦的著名分析師堅定地維持了他們的預測，即到 2025 年底，比特幣將飆升至 15 萬美元，這是對加密貨幣長期前景的顯著肯定。

"Our conviction in this call has only grown stronger," declared Gautam Chhugani and Mahika Sapra in a comprehensive research note. Their analysis meticulously examines key metrics that paint a picture of a healthy and enduring crypto market cycle that is still in its early stages. "The risk-reward ratio for Bitcoin remains highly attractive," they emphasized, signaling their unwavering optimism in the cryptocurrency's trajectory.

Gautam Chhugani 和 Mahika Sapra 在一份綜合研究報告中表示：“我們對這一呼籲的信念只會變得更加堅定。”他們的分析仔細檢查了關鍵指標，描繪了仍處於早期階段的健康且持久的加密貨幣市場週期的圖景。他們強調，“比特幣的風險回報率仍然極具吸引力”，這表明他們對加密貨幣的發展軌跡堅定不移的樂觀態度。

The recent price correction, which saw Bitcoin briefly dip to a local low of approximately $57,000, was viewed by Chhugani and Sapra as a necessary "cleansing" of the market. They observed that the correction effectively eliminated excessive leverage on futures contracts, a speculative practice that can introduce unnecessary volatility into the market.

Chhugani 和 Sapra 認為，最近的價格調整是對市場的必要“清理”，比特幣一度跌至約 57,000 美元的局部低點。他們觀察到，這項調整有效消除了期貨合約的過度槓桿，這種投機行為可能會為市場帶來不必要的波動。

A positive indication noted by the analysts was the reversal of sentiment in Bitcoin exchange-traded funds (ETFs) in the United States. After experiencing eight consecutive days of outflows, combined net inflows have resumed, indicating renewed investor confidence. Notably, Grayscale's GBTC ETF, which had been a source of selling pressure, recorded a significant $63 million in net inflows on Friday, signaling a potential shift in sentiment. "This is particularly noteworthy," the analysts remarked, "as the new 9 ETFs have had to absorb the continuous selling pressure from GBTC."

分析師指出的一個正面跡像是美國比特幣交易所交易基金（ETF）情緒的逆轉。在連續八天的資金流出後，淨流入總額已恢復，顯示投資者信心重拾。值得注意的是，Grayscale 的 GBTC ETF 一直是拋售壓力的一個來源，週五錄得 6,300 萬美元的淨流入，顯示市場情緒可能發生轉變。分析師表示：“這一點尤其值得注意，因為新的 9 檔 ETF 必須承受來自 GBTC 的持續拋售壓力。”

The Bernstein analysts also highlighted several other positive signs for the Bitcoin market, including strong overall inflows into ETFs over the past three months, encouraging developments in the corporate treasury space, a steady post-halving hash rate, healthy transaction fees, and subdued prices for Bitcoin mining equipment. These indicators collectively point to a robust and sustainable market environment for Bitcoin.

伯恩斯坦分析師也強調了比特幣市場的其他幾個正面跡象，包括過去三個月ETF整體強勁流入、企業財務領域令人鼓舞的發展、減半後穩定的算力、健康的交易費用以及價格低迷。這些指標共同顯示比特幣擁有強勁且可持續的市場環境。

As of this writing, Bitcoin is trading above $64,400, demonstrating its resilience and the ongoing confidence of market participants. The analysts' steadfast belief in Bitcoin's long-term potential underscores the cryptocurrency's enduring allure as a store of value and a promising investment opportunity for both retail and institutional investors. With the potential for exponential growth still on the horizon, Bitcoin's journey towards $150,000 remains a compelling narrative in the ever-evolving world of digital assets.

截至撰寫本文時，比特幣交易價格高於 64,400 美元，展現了其韌性和市場參與者的持續信心。分析師對比特幣長期潛力的堅定信念突顯了加密貨幣作為價值儲存手段的持久吸引力，以及對散戶和機構投資者而言有前景的投資機會。由於指數增長的潛力仍然存在，比特幣邁向 15 萬美元的旅程在不斷發展的數位資產世界中仍然是一個引人注目的故事。