Bernstein analysts believe that Bitcoin is expected to reach $ 150,000 by the end of 2025. Analysts unanimously believe that the recent pullback to around $ 57,000 effectively "cleared excessive leverage in cryptocurrency exchange futures contracts." They also pointed out that the net inflow of Bitcoin exchange-traded funds in the United States has returned after eight consecutive days of outflows. Even Grayscale's converted GBTC recorded a net inflow of $ 63 million on Friday after 78 consecutive days of outflows. "Considering that GBTC has always been a source of continuous selling, and the new nine ETFs must absorb these sales, this is significant."