Bitcoin Targets New All-Time High of $150,000 Amid Record ETF Inflows

New analysis from Cooper Research suggests Bitcoin could reach significant new highs by year-end, with a specific target of $150,000 as early as October.

Contents

Bitcoin Targets New All-Time High of $150,000 Amid Record ETF Inflows Cooper Research Predictions Drivers and Context Analyst Commentary

Cooper Research Predictions

Bitcoin could hit $140,000 in September and potentially $150,000 by early October.
Analysts view breakeven between $140K-$200K as “when the Bitcoin market could overheat.”
The target “seems inevitable” due to massive inflows into Bitcoin ETFs.
“Across a range of data metrics, Bitcoin appears primed for another significant leg upward.”

Drivers and Context

Their earlier overheating assessment “still holds”.

In the current context:

Economic headwinds, including inflation concerns (e.g., sticky consumer prices in June) and delayed Fed rate cuts, are pushing investors towards risk-on assets.
U.S. spot Bitcoin ETFs saw record weekly inflows exceeding $2 billion – the highest total since their 2024 launch.
Demand surge noted: Bitcoin prices typically rise by about 1.8% for every 10,000 BTC added to ETF holdings.

Bitcoin recently traded just below $123,000, having reached multiple all-time highs following the ETF launch.

Analyst Commentary

According to Cooper:

“Reported this week that consumer prices ticked up in June, fueling investors’ jitters over the U.S. economy… Amid those factors, U.S. spot Bitcoin ETFs pulled in more than $2 billion this week… Those inflows stand to have a significant impact on Bitcoin’s price.”

Looking ahead, analysts foresee: