Bernstein analysts predict a revolutionary 2025 for cryptocurrencies, with Bitcoin reaching an ATH of $200.000, driven by institutional and sovereign adoption. They also foresee AI converging even further with the blockchain ecosystem.
According to a recent report from global asset management firm Bernstein, the crypto market is entering what they call the «Infinite Age» (Infinity Age), a period characterized by the constant evolution and mass adoptionThis new chapter would mark the end of the boom-and-bust patterns that have defined the sector so far, giving way to a more stable and sustainable integration of cryptoassets into traditional financial markets.
Analysts, led by Gautam Chhugani, highlight that cryptocurrencies are no longer a controversial issue, but an essential part of the modern financial system. Among their boldest predictions is an all-time high (ATH) price of $200.000 for Bitcoin, driven by increased corporate and, possibly, sovereign adoption. Furthermore, Bernstein analysts anticipate that artificial intelligence (AI) will play a key role in transforming the blockchain ecosystem, from decentralized applications to tokenized AI agents.
This year could also see unprecedented growth in Bitcoin exchange-traded funds (ETFs), with net inflows exceeding $70.000 billion, and a stablecoin market that will surpass $500.000 billion, analysts said.
All these predictions are framed in the perspective of a more favorable regulatory environment and greater legal clarity for cryptocurrencies, which is why 2025 promises to be a decisive year for the crypto industry.
Bernstein's vision for Bitcoin and cryptocurrencies in 2025
According to the report presented by Bernstein, cryptocurrencies are entering a new era, where they will no longer be subject to the dramatic boom and bust cycles that have characterized them in the past. Instead, these digital assets will be stably and sustainably integrated into global markets, supported by mass adoption by both institutions and governments.
Bernstein describes this period as a "constant evolution", where blockchain technology and digital assets intertwine with the needs of an increasingly digital and intelligent economy. Therefore, the firm assures that cryptocurrencies are entering the "Infinite Age", referring to the maturity they have gained in the market, and which has allowed them to leave behind the polarizing debate to become a financial tool as common as stocks or bonds.
Scott Melker, the crypto investor known as “The Wolf Of All Streets,” highlighted Bernstein analysts’ predictions for the crypto industry on his X account.
Bitcoin: To $200.000 with sovereign adoption
Bernstein reiterated his $200.000 Bitcoin price target by the end of 2025, a forecast that is based on the growing institutional and corporate adoption of the cryptocurrency. Analysts point out that this target does not include potential demand from governments, which could further boost the price of BTC in the market.
US President-elect Donald Trump's campaign promise to create a Bitcoin strategic reserve has raised expectations for possible sovereign adoption, although Bernstein believes such a move could take some time to materialize as a legislative priority.
Instead, the firm expects corporations to continue to lead demand for Bitcoin. MicroStrategy, known for its aggressive accumulation of the cryptocurrency, will likely remain a key player, along with miners expanding their capital plans and mid-cap companies looking to emulate the model established by Michael Saylor for MicroStrategy.
Source: Bit2Me
Bitcoin ETFs: An unprecedented institutional push
Bitcoin ETFs are also at the center of Bernstein’s predictions for this year. The firm anticipates that these funds will attract net inflows of over $70.000 billion in 2025, almost double the $40.000 billion recorded in 2024. This growth would be driven by increased participation from hedge funds, banks and wealth advisors, with ownership potentially reaching 40% compared to 22% last year.
Furthermore, Bernstein predicts that the process of listing ETFs on private banking platforms and national wirehouses will continue, maintaining momentum for Bitcoin and Ethereum. They even suggest the possibility of a Solana ETF receiving the green light from financial regulators by the end of the year.
Source: Soso Value
Stablecoins and regulation: A more favorable environment
The stablecoin market is also on Bernstein’s radar, with a projection that it will surpass $500.000 billion by 2025. According to the analysts, this growth would be supported by greater adoption of stablecoins in cross-border payments and B2B solutions, as well as a clearer regulatory framework in the United States.
The firm expects the new pro-crypto administration to push through key legislation, such as a stablecoin law and a market structure for digital assets. These measures would not only strengthen the US dollar but also provide legal clarity for exchanges and DeFi protocols.
Source: CoinMarketCap
AI as a driver of innovation in the crypto ecosystem
Finally, artificial intelligence will be one of the pillars of the “Infinite Age” of cryptocurrencies according to Bernstein. Analysts anticipate a significant convergence between AI and cryptocurrencies, which will drive innovation on multiple fronts.
One of the key developments will be the integration of AI into Bitcoin mining. Bernstein notes that miners that diversified into AI in 2024, such as Core Scientific and TeraWulf, recorded gains of 308% and 136%, respectively, while “pure” miners such as Riot Platforms and CleanSpark suffered losses. This trend will continue in 2025, analysts anticipate, as AI transforms the mining business model, making it more sustainable and less cyclical.
Additionally, the firm expects advancements in AI-focused decentralized blockchains for computation, storage, and inference, as well as “proof of humanity” authentication services and AI-integrated crypto wallets. These developments will not only improve the efficiency of the ecosystem but also attract a broader base of institutional investors.
In short, Bernstein paints an exciting picture for crypto in 2025, which could be the year crypto and AI merge to create a smarter, more decentralized financial future and new pro-crypto regulations are developed, encouraging integration with markets.
