Analysts at Bernstein predict that Bitcoin (CRYPTO:BTC) could surge by 337% to hit $150,000 by mid-2025, driven by upcoming events like the April 2024 halving and potential approval of spot Bitcoin ETFs.

The halving event historically reduces Bitcoin supply, prompting miners to withhold tokens in anticipation of higher prices.

Increased demand is expected from new investors, particularly if SEC approval for spot Bitcoin ETFs materialises.

Bernstein anticipates ETFs could account for 9-10% of circulating Bitcoin by 2028, marking a significant milestone for cryptocurrency adoption and market dynamics.