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Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin Hits $120,000 As JPMorgan Lifts Year-End Target To $165,000

Gold Bitcoin

Bitcoin (CRYPTO: BTC) broke above $120,000 in Thursday trading as JPMorgan Chase (NASDAQ:JPM) raised its year-end price target to $165,000.

What Happened: JPMorgan analysts now project Bitcoin could climb to $165,000 by the end of 2025, citing its undervaluation compared to gold on a volatility-adjusted basis as reported by The Block.

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