Fidelity's wave model analysis forecasts Bitcoin could surge to $151,360, marking a significant potential increase from its starting point of $16,603 in late 2022. The firm identifies Bitcoin as being in its fifth major upward wave, with expectations of a late-year rally and a possible sixth wave in 2025. This analysis underscores Fidelity's data-driven approach to understanding Bitcoin's long-term trajectory, emphasizing longer cycles in its price movements.