PANews reported on April 19 that according to CoinDesk, 21Shares released a report stating that based on an analysis of historical trends and current market signals, Bitcoin is expected to reach $138,555 by the end of 2025. Bitcoin's response to industry and macro shocks shows that investor confidence is mature, and rising adoption in high-inflation economies strengthens Bitcoin's hedging narrative. On-chain data and liquidity trends indicate that the market is in a consolidation phase rather than a peak.

21Shares added that the forecast of $138,555 would represent a 64% increase from current price levels, though Bitcoin could still pull back to closer to $77,000, but broader indicator levels point to continued growth.