Wall Street Firms Recommend 1% to 5% Bitcoin Allocation in Client Portfolios

Fidelity Investments, Bank of America and Morgan Stanley are advising clients to allocate 1% to 5% of diversified portfolios to Bitcoin, River reports. Fidelity formally guides wealth clients to place 2% to 5% into crypto including Bitcoin, while Bank of America proposes 1% to 4%, Morgan Stanley suggests up to 4%, BlackRock recommends 1% to 2%, and WisdomTree and JPMorgan Chase each advise up to 1%. Bitcoin traded at $67,441 at the time of reporting, down 47% from its record $126,080 in October last year, CoinGecko data show. BlackRock CEO Larry Fink in 2025 projected Bitcoin could reach $700,000 per coin, while JPMorgan analysts suggested a long-term path to $266,000, contingent on improved sentiment and Bitcoin regaining favor as a hedge asset.