CF Benchmarks, a subsidiary of Kraken, reports that institutional investors are increasingly evaluating Bitcoin from an asset allocation perspective rather than focusing on short-term price cycles. According to their capital market model, Bitcoin's baseline scenario price is projected to reach approximately $1.4 million by 2035, with an overall valuation range between $637,000 and $2.95 million. The report suggests that allocating 2% to 5% of a portfolio to Bitcoin could enhance investment efficiency.