U.S. investment bank raises Bitcoin price target to $225K for this year

American investment bank H.C. Wainwright has increased its Bitcoin price target from $145,000 to $225,000, according to CNBC. This revision, detailed in a Jan. 2 investor note, is influenced by an analysis of Bitcoin's historical pricing trends and recent market movements. The firm expects a bullish sentiment due to factors like improvement in U.S. crypto regulation under Donald Trump's second presidential term and growing interest from institutional investors. H.C. Wainwright analyst Mike Colonnese noted that since Bitcoin's value is closely tied to global liquidity trends, which have been decreasing, the cryptocurrency might drop to around $75,000 early in the first quarter before it likely continues to rise. He also mentioned that Bitcoin’s price might surpass this new target substantially if the U.S. decides to establish a strategic national Bitcoin reserve this year.