Bernstein has raised its year-end Bitcoin price forecast to $90K, citing a surge in the cryptocurrency's bull cycle. The research report highlights factors such as robust ETF inflows, aggressive miner capacity expansion, and record-high miner revenues, making Bitcoin miners an attractive proposition for equity investors. With a projected 7% reduction in hash rate post-halving, compared to the previous estimation of 15%, Bernstein remains optimistic about the sector's prospects. CleanSpark sees its price target boosted to $30, while Riot Platforms' target is trimmed slightly to $22, and Marathon Digital's target is raised to $23, reflecting varying outlooks on these mining stocks.

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