Ethereum News Today: Morgan Stanley's Wilson Declares Bull Market Began in April 2025

Morgan Stanley’s Chief US Equity Strategist and Chief Investment Officer, Mike Wilson, has shifted his stance, declaring that a new bull market began in April 2025 [1]. This marks a significant reversal from his bearish outlook that characterized much of 2024 and early 2025, during which he consistently warned of a prolonged economic downturn [1]. In an interview on “Bloomberg Open Interest,” Wilson explained that the economy has endured a rolling recession over the past three years, with various sectors experiencing downturns at different times [1]. However, he argues that this period has now concluded, with the market hitting a bottom in April following recent tariff-related pressures [1].

Wilson emphasized that the transition into a bull market does not imply a straight upward trend but rather a “healthy” bull market that includes volatility and consolidation [1]. He pointed to the spring of 2020 as a comparable scenario, when Morgan Stanley turned bullish ahead of the broader market consensus, leading to a sustained and largely stable market rise with only minor corrections [1]. Drawing from that example, Wilson anticipates a similar trajectory in the current market cycle [1]. While acknowledging signs of speculative behavior—such as inflated valuations and renewed interest in meme stocks—Wilson framed these as typical early indicators of a bull market [1].

To maintain the bull market, Wilson highlighted the importance of keeping 10-year Treasury yields below 4.5% and sustaining positive growth momentum [1]. If these conditions hold, he believes the market will continue to trend upward, with investor sentiment gradually shifting from defensive caution to a more measured optimism [1]. Wilson recommended focusing on sectors such as financials, industrials, and low-multiple technology companies, suggesting that the market rally could broaden beyond the AI-driven stocks that have dominated in recent months [1]. This diversification of investment flows could indicate a more balanced and sustainable phase of market growth [1].

Despite Wilson’s confidence, skepticism remains among some investors, particularly in the crypto space, where dramatic shifts in sentiment are common [1]. Given his previous bearish stance, his current bullish outlook is being met with cautious optimism [1]. The broader market environment is also evolving, with interest in cryptocurrencies and other asset classes growing [2]. However, such developments are separate from Wilson’s core analysis and have been excluded from the summary to maintain clarity and focus [2].

Source: [1] Morgan Stanley's Mike Wilson Changes Stance [https://coinedition.com/morgan-stanley-changes-stance-new-bull-market-now/](https://coinedition.com/morgan-stanley-changes-stance-new-bull-market-now/) [2] Fundamental Global Targets ETH with $5B as Price Hits $4K [https://coinedition.com/fundamental-global-eyes-ethereum-treasury-as-eth-price-breaks-4000-dollars/](https://coinedition.com/fundamental-global-eyes-ethereum-treasury-as-eth-price-breaks-4000-dollars/)