Bernstein analysts believe a new bullish phase is approaching for Bitcoin, driven by key catalysts since the current bull market began in Q4 2023.

As of January 11, 2024, Bitcoin’s price surged from 25,000 USD to 46,000 USD, reaching an unprecedented peak of around 74,000 USD, and further peaking at 109,000 USD after the presidential inauguration.

Institutional interest is rising with significant investments from Abu Dhabi’s Mubadala and other financial firms, while new policies under President Trump are enhancing Bitcoin’s appeal among investors.