Analysts expect Bitcoin to surpass $200,000 in 2025 after peaking near $108,000 in December. H.C. Wainwright forecasted cited historical cycles, regulatory optimism under the incoming Trump administration, and institutional adoption. Wainwright sees bitcoin miners outperforming, predicting a $100 billion market cap for the sector by 2025. Bitcoin gained nearly 119 in 2024 and could rebound alongside ETFs. Crypto stocks surged as much as 7 Thursday, with premarket gains Friday.