Previously, we compiled institutions’ views on Bitcoin’s 2025 trajectory, and the result was a “collective miss” — whether in forecasting the magnitude of gains, the pacing, or the drawdown path, most projections diverged from what ultimately played out. Against this backdrop, market trust in “target-price narratives” has visibly declined, with forecasts increasingly treated as scenario analysis rather than “promise-like guidance.” Even so, major players have proposed new frameworks and ranges: the bullish camp is betting on structural buy-side support from expanding institutional allocation and spot-ETF capital ... (full story)