Analysts of Wall Street's giant institution Bernstein revised and raised their year-end price forecast for Bitcoin (BTC).

In their report published on Thursday, March 21, Bernstein analysts announced that they changed their year-end price expectations for Bitcoin. Analysts increased Bitcoin's year-end expectation from 80 thousand dollars to 90 thousand dollars.

Contrary to general expectations after the Bitcoin halving, analysts pointed to a different scenario and stated that there may be a decline. However, analysts' post-halving decline expectation was limited to 7%.

While it was emphasized that this decline was a short-term correction, it was suggested that some mining companies may become more valuable after the halving.

In this context, Bernstein analysts raised their year-end price target for CleanSpark (CLSK), one of the largest Bitcoin mining companies, from $14.20 to $30:

“With a new Bitcoin bull cycle, strong ETF inflows, aggressive miner capacity expansion, and all-time high miner revenues, we think Bitcoin miners will emerge in a more attractive position.”

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