Long

Shift

Galaxy

Bitcoin

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 <p><strong>Key Takeaways:</strong></p>
 <ul>
  <li><strong>Galaxy Digital’s Alex Thorn lowered his year-end Bitcoin target from $185K to $120K amid tighter liquidity.</strong></li>
  <li><strong>He says investor focus has temporarily shifted to AI, quantum tech, nuclear energy, and gold.</strong></li>
  <li><strong>Thorn remains confident in Bitcoin’s long-term growth, calling the current phase a healthy maturation of the market.</strong></li>
 </ul>
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<p>Speaking to CNBC, the veteran analyst revealed that he has revised his year-end target for the leading <a rel="noopener noreferrer nofollow">cryptocurrency</a> down to $120,000 from his earlier forecast of $185,000.</p>
<p>Thorn attributed the adjustment to tightening market liquidity and growing macroeconomic uncertainty, which he said have cooled the wave of “boundless optimism” that dominated the early months of the year. Despite the lower short-term target, he maintains that Bitcoin’s long-term trajectory remains bullish and structurally healthy.</p>
<h2 id="investors-shift-focus-to-new-frontiers">Investors Shift Focus to New Frontiers</h2>
<p>According to Thorn, the recent slowdown in <strong><a href="https://coindoo.com/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin’s</a> </strong>momentum is partly due to investors redirecting their attention toward emerging sectors such as artificial intelligence (AI), nuclear energy, quantum computing, and gold. These themes have drawn considerable capital flows this quarter, temporarily diverting attention from digital assets.</p>
<p>He emphasized, however, that Bitcoin has repeatedly faced similar periods of fading enthusiasm throughout its history—only to regain dominance once market cycles evolve. “Interest always comes back to Bitcoin,” Thorn told CNBC, pointing to the asset’s consistent ability to recover after each cooling phase.</p>
<div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light">
 <h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5> <a href="https://coindoo.com/bitcoin-cycle-far-from-over-according-to-coinbase-institutionals-latest-outlook/" rel="noopener noreferrer nofollow">
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   <span> <img src="https://coindoo.com/wp-content/uploads/2025/06/bull-bitcoin-btc-market.jpg"> </span>
  </div>
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   <h4 class="title mb-0">Bitcoin Cycle Far From Over, According to Coinbase Institutional’s Latest Outlook</h4>
  </div> </a>
</div>
<h2 id="a-more-mature-market-cycle">A More Mature Market Cycle</h2>
<p>Even as he trims near-term expectations, Thorn sees encouraging structural developments in Bitcoin’s ecosystem. He believes that the current market environment represents a transition into a more mature phase, where large holders are gradually distributing coins to a broader base of long-term investors. This process, he said, is laying a stable foundation for the next major rally.</p>
<p>The Galaxy Digital executive also suggested that the ongoing redistribution of Bitcoin supply is creating a healthier market balance—reducing speculative leverage and strengthening overall resilience. In his view, this positions Bitcoin well for sustained growth once macro conditions improve.</p>
<h2 id="cautious-in-the-short-term-confident-in-the-long-run">Cautious in the Short Term, Confident in the Long Run</h2>
<p>While some analysts have begun trimming their own forecasts amid volatility in both crypto and tech stocks, Thorn’s revised target remains well above Bitcoin’s recent trading range, signaling that institutional sentiment is cooling but far from bearish.</p>
<p>As liquidity improves and risk appetite returns, he expects Bitcoin to regain its momentum—though the path upward, he said, is likely to be steadier than in previous parabolic cycles.</p>
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<p style="text-align: center;"><em><strong>The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or <a rel="noopener noreferrer nofollow">cryptocurrency</a>. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.</strong></em></p>
<p>The post <a href="https://coindoo.com/bitcoin-price-outlook-analysts-expect-gradual-rebound-toward-2026/" rel="noopener noreferrer nofollow">Bitcoin Price Outlook: Analysts Expect Gradual Rebound Toward 2026</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

Bitcoin Price Outlook: Analysts Expect Gradual Rebound Toward 2026

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