I believe the opposite: increased acceptance and adoption of Bitcoin by governments and large institutions leads to a rise in its price, not that a rise in price leads to increased adoption.
Unless there is more adoption by new companies and governments taking strategic reserves of Bitcoin, it's unlikely we'll see Bitcoin rise to new record prices like $150K and above. Reaching these numbers requires significant liquidity entering the market, and this is achieved through the entry of new companies and increased adoption.
Bitcoin price went massively up last year after the launch of Bitcoin ETF. Normally Bitcoin price goes up after few months of halving but 2024 halving is different because price went up before halving. This is clear example that how entry of institutes is affecting price of bitcoin. But it's also a reality that Bitcoin has survived and went up only due to support of it's community before the institutes made their entry. It's good thing for bitcoin that big institutes are now embracing it which is good for Bitcoin and it's community.