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Another reason that PS5 will be 4k is marketing. 4K will sale more than 2K+upscaling, like 4 cores sales more than 8 cores, or a Graphic card with 4 GB of ram will be more wanted than a 2 GB one.
If PS5 sells as a 4k console and the XBOX 2 sells as a 2K one, PS5 will win peoples mind,
60 fps wont win peoples mind, most dont know what fps means, but being so many TVs at 4K, a lot of people will think that a 4k console is great and just a match to their tv. Also they can buy that console and upgrade the tv afterwards.