Galaxy Slashes Bitcoin Price Target for 2025 as BTC Enters ‘Maturity Era’

Galaxy told its customers on Wednesday that it has reduced its year-end target Bitcoin, from $185,000 to $120,000. It comes later BTC fell below $100,000 for the first time in six months on Tuesday, as over $2 billion in settlements swept the market.

The note from the institutional crypto firm said that Bitcoin has entered a new phase, which Galaxy calls “the era of maturity”. During this phase, he explained, “institutional absorption, passive flows and lower volatility will dominate.” Therefore, future gains may come at a slower pace, which means that I predict that Bitcoin will only be close to its previous highs by the end of the year.

Bitcoin recently traded hands at $103,923, up about 3% the day after Tuesday’s market turmoil, but is still down nearly 18% from its high of $126,080 set just last month, according to data from CoinGecko.

Galaxy also said that market dynamics have shifted against Bitcoin’s favor.

First, the record $19 billion liquidation cascade which occurred on Oct. 10, following President Trump’s threat of massive tariffs against China, dented investor confidence and market liquidity, the note said.

Likewise, other assets have begun to challenge Bitcoin’s appeal as an investment with the rise of goldAI-related actions, and more. In addition, Galaxy said, stablecoins have become a hot topic in crypto, which has also diverted attention from Bitcoin.

On the policy front, when Trump returned to office in January, it seemed that a strategic Bitcoin reserve was set to be at the forefront of discussion. However, after signing an executive order at establish a strategic reserveThere have been no purchases of Bitcoin and the government has been “very quiet” about the enterprise in general, the memo said.

Galaxy also believes that retail buyers won’t really care about crypto after 2021, calling it “apathetic” to Bitcoin. The firm said that during last year’s meme currency craze, some attention returned to the industry, but it did not translate into long-term belief in Bitcoin.

As a result, Bitcoin treasury companies will also enter a second phase, the note explains. Previously, the shares of a company pumped with Bitcoin. But with that which seems improbable as the momentum of the price of Bitcoin will cool down, according to Galaxy, companies will have to find a way to generate revenue.

Predictors on Myriad I believe it is 64% likely that Bitcoin will hit $115,000 before it hits $85,000. (Disclosure: Myriad is developed by DecryptDastan’s parent company.)

Similarly, Alex Thorn, head of research at Galaxy and the author of the note, wrote about X that he is still bullish on Bitcoin in the long term. It might just take the orange coin longer than waiting for it to arrive.