21Shares released a report stating that, based on analysis of historical trends and current market signals, it is estimated that Bitcoin may reach $138,555 by the end of 2025. The reaction of Bitcoin to industry and macroeconomic impacts indicates that investor confidence is mature, the adoption rate in high inflation economies is strengthening Bitcoin's narrative as a hedge, and on-chain data and liquidity trends suggest that the market is in a consolidation phase rather than a peak.

21Shares added that the forecasted $138,555 would represent a 64% increase from current levels, however Bitcoin could still retrace to around $77,000, but broader indicators point to continued growth.