Bitwise Asset Management, a major crypto asset manager with over $12 billion in client assets, has reaffirmed its forecast that Bitcoin will reach $200,000 by the end of 2025. Despite ongoing macroeconomic uncertainties, Bitwise remains confident due to strong institutional demand and exchange-traded fund (ETF) flows. Bitwise's Chief Investment Officer, Matt Hougan, emphasized that the $200,000 target remains clearly achievable. Meanwhile, the firm has expressed skepticism about new all-time highs for Ethereum and Solana amid the current market conditions. Recent market data shows Bitcoin trading around $130,000 as of mid-July 2025. Additionally, Bernstein, managing $829 billion in assets, projects a prolonged crypto bull market culminating in Bitcoin hitting $200,000 by early 2026. The ongoing bullish sentiment is reflected in various market commentators and analysts who anticipate Bitcoin reaching or surpassing this price level within the current cycle.