The upgrade to 256 GB is actually pretty reasonable. Apple charges $12.5/GB up to 128 GB and $9.375/GB beyond that, while the market rate for workstation RAM seems to be ~$6/GB (according to Puget Systems). And because the base system is so cheap, the Mac Studio Ultra is by far the cheapest option if you need a workstation with that much RAM. Even if you don't care about GPU memory.
SSD prices, on the other hand, are criminal. While the market rate is less than $100/TB, Apple charges you $300/TB, effectively forcing you to clutter your desk with random boxes and cables. A desktop computer should be able to hide all that ugly stuff inside a well designed case. But I guess Apple sucks at design, like it often does.