Bernstein Sets $150,000 Bitcoin Target As ETF Inflows Surpass $1.6B In March

Bernstein analysts set a $150,000 Bitcoin price target by year-end, citing strong ETF inflows of $1.6B in March and growing corporate demand led by MicroStrategy's continued accumulation. The bullish outlook contrasts with other analysts warning of potential drops to $50,000 or lower.

• →Bernstein reaffirms $150,000 Bitcoin target for 2024, representing 110% upside from current $71,000 levels.
• →Bitcoin ETFs attracted $1.6 billion in net inflows during March, with $167 million flowing in during a single day this week.
• →MicroStrategy purchased $76.6 million more Bitcoin, bringing total holdings to 762,099 BTC (3.5% of total supply).
• →Morgan Stanley updated SEC filings for a Bitcoin ETF while Australia's Hostplus pension fund plans Bitcoin exposure for clients.
• →Conflicting analyst views persist, with some predicting drops to $41,500-$50,000 before any meaningful recovery.