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According to the latest consensus forecasts from several well-known institutions, by 2026, Bitcoin is expected to stabilize in the range of $120,000 to $170,000, with a median of about $150,000.
Under optimistic assumptions, it could surge to $200,000-$250,000, but if market sentiment reverses, it could also retrace to around $56,000. This wide fluctuation range reflects the current market uncertainty.
The real determining factors are a few key variables: the Federal Reserve's pace of interest rate cuts, the capital flow into institutional ETFs, and the policy orientation of global regulators. Also, don't forget political events like midterm elections, which have historically been variables that stir market sentiment. Overall, the upcoming period may see significant volatility, so risk management is essential.