#比特币价格走势 Seeing this wave of predictions, what comes to mind is the scene at the end of 2017—back then, institutions were also piling in with bullish sentiments, and target prices were increasingly outrageous. Standard Chartered cut its Bitcoin price target from $300,000 to $150,000, and I am very familiar with this move. I have seen too many instances of this kind of "rational correction" over the years. Usually, what does it mean? Market sentiment is cooling down.

The 2026 Bitcoin price range of $150,000 to $250,000 actually looks more like a consensus compromise. Bernstein said Bitcoin has moved beyond the four-year cycle, but I have to say that sounds a bit risky. History never truly repeats itself, but it often rhymes. The technical retracement prediction of $40,000 to $70,000 now seems absurd, but time will tell us what’s really going on.

The most interesting part is Saylor’s comment about volatility "significantly decreasing"—this reminds me of the dull period in 2015, when we also thought the bear market was already set. The real story isn’t in price predictions but in the underlying logical shifts: ETF inflows falling short of expectations, slowing growth of stablecoins, and cooling institutional enthusiasm. These details reveal the true state of the market more than any numerical target.

Anyone who has experienced several cycles knows that the most dangerous moments are often when everyone is rushing to place bets. The current rational expectations might just be the prelude to the next wave of volatility.