Several key companies believe that Bitcoin prices will rise higher in 2025 based on a number of common factors.

Bitcoin (BTC) hit new highs above $100,000 in December 2024, and key firms involved with the crypto sector believe that prices will rise further in 2025.

Below, we’ll look at four predictions from top companies.

In a December report, crypto asset manager Bitwise predicted that BTC could be worth $200,000 by the end of 2025, while Ethereum (ETH) could reach $7,000.

Bitwise expects several trends to keep Bitcoin prices high, including continued inflows into Bitcoin ETFs, further purchases by governments and corporations, and reduced BTC issuance following April 2024’s miner reward halving.

The company believes BTC could even be worth $500,000 or more if the U.S. government establishes a Bitcoin strategic reserve. Under existing proposals, the U.S. would take 1 million BTC from the supply over four years, representing increased demand for the currently available Bitcoin supply.

Bernstein, a research and brokerage firm, believes that Bitcoin will reach $200,000 in 2025. Though that number is in line with other expectations, it is notable that Bernstein has maintained the same prediction for several months.

The firm first predicted $200,000 in June when Bitcoin was worth just $66,000. It restated the prediction in November, when Bitcoin was worth $92,000.

Bernstein’s November report said several factors could contribute to a higher price, including pro-crypto regulations under Donald Trump’s upcoming U.S. presidency, the creation of a U.S. Bitcoin reserve, heightened demand for ETFs, and continued purchases by major Bitcoin holder MicroStrategy.

Crypto exchange Bitfinex believes that Bitcoin will be worth $140,000 to $150,000 by mid-2025, according to a Dec. 17 comment to The Street.

Bitfinex analysts observed “strong institutional demand” in the current bull market, noting accumulation of BTC in exchange-traded funds (ETFs) and the spot market.

Analysts noted that years following a Bitcoin halving historically have the strongest price rallies. Though that could point to further gains in 2025, they acknowledged that the market may already be mid-cycle, pointing to a Q3-Q4 2025 peak.

Asset manager VanEck expects that Bitcoin will reach $180,000 in 2025 and that Ethereum (ETH) could be worth more than $6,000.

VanEck’s timeline suggests that the market will reach its first peak during Q1 2025. After that first peak, Bitcoin prices could drop by 30% before recovering in the fall and setting record highs again in the fourth quarter, it said.

VanEck noted that several key signals, including heightened mainstream speculation, could indicate when the market is nearing its next peak.

Disclaimer: The author may be invested in Bitcoin, cryptocurrency, or Bitcoin ETFs.