According to CoinGecko's market prediction, the consensus average price for Bitcoin after the halving is $87,000.

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Bitcoin Price Predictions Average $87,000 After Halving

The cryptocurrency data platform CoinGecko has compiled price predictions from various institutions for Bitcoin after its fourth halving.

In addition to the institutions shown in the chart below, CoinGecko's data also includes predictions from 31 institutions analyzed by independent research firm Finder.

The results show that institutions expect Bitcoin to reach a minimum price of $80,000 in 2024, with an average target price slightly above $87,000.

Bitcoin Price Prediction Ranges

Among the institutions, 47% believe that Bitcoin's current price is undervalued, with only 10% considering it overvalued. The consensus average is $87,000, with Ark Investment predicting that Bitcoin will reach at least $600,000 by 2030.

Detailed predictions from various institutions are as follows:

• Bloomberg Mike McGlone: $100,000 by 2026.

• Bernstein Gautam Chhugani: $150,000 by 2025.

• BitQuant: $80,000 – $250,000 by the end of 2024.

• Matrixport Markus Thielen: $125,000 by the end of 2024.

• ARK Invest: $600,000 – $1,500,000 by 2030.

• Morgan Stanley Denny Galindo: Uncertain, but expects a new bull market after the fourth halving.

Ark Investment's prediction remains as exaggerated as ever. Initially in early 2021, they predicted Bitcoin would reach $200,000 to $500,000 in the long term due to institutional cash inflows, and now this figure has evidently doubled once again.

【Analysis】ARK Investment's Big Ideas 2021: Bitcoin Will Become Corporate Cash

What is Bitcoin Halving?