Galaxy Digital has set an ambitious target of $250,000 for Bitcoin (BTC) by 2027, while cautioning that the outlook for 2026 appears “too chaotic” to make accurate predictions. In its recent predictions report , the firm acknowledges the possibility of Bitcoin reaching new all-time highs next year, but emphasizes the considerable uncertainty surrounding near-term price movements. Factors Influencing BTC’s Future Options markets are pricing an equal chance for Bitcoin to land at either $70,000 or $130,000 by the end of June 2026. Similarly, the odds for the year-end target range from $50,000 to $250,000, indicating a significant degree of volatility and unpredictability ahead. Currently, the broader cryptocurrency market is in a deep bear phase. Bitcoin is struggling to regain its previous bullish momentum and has retraced by 30%, reaching a current trading price of just above $88,000. Galaxy Digital suggests that until the market’s leading cryptocurrency can firmly establish itself above the $100,000 to $105,000 mark, the risks may remain tilted toward the downside. The firm identifies several factors influencing uncertainty in financial markets, including the pace of artificial intelligence (AI) capital expenditure, monetary policy conditions, and the upcoming US midterm elections in November. Uneventful 2026 For Bitcoin Galaxy Digital also predicted that 2026 could be relatively uneventful for BTC, with prices potentially fluctuating between $70,000 and $150,000. Nevertheless, the firm’s bullish sentiment for the long-term horizon continues to strengthen. Contributing to this optimism is the expanding institutional access to Bitcoin, alongside an easing of monetary policy and a market striving for alternatives to dollar-denominated assets. Galaxy Digital posits that BTC could follow a trajectory similar to gold, evolving into a widely accepted hedge against monetary debasement over the next two years. Featured image from DALL-E, chart from TradingView.com
