Galaxy Forecasts Bitcoin Reaching $250,000 By 2027 Amid 2026 Uncertainty

Galaxy Research predicts Bitcoin might reach $250,000 by the end of 2027. However, they find 2026 too unpredictable to make accurate forecasts, though new all-time highs are possible.

Key Insights

Options markets suggest equal odds for Bitcoin reaching $70k or $130k by June 2026 and $50k or $250k by year-end 2026.
The broader crypto market is currently in a bear phase, with Bitcoin struggling to regain bullish momentum above $100-$105k.
Factors contributing to uncertainty include AI capital expenditure rates, monetary policy conditions, and US midterm elections.
Bitcoin is increasingly seen as a macro asset, with a notable structural decrease in long-term volatility. Institutional yield strategies have reduced its historical volatility premium.
The market is paying more for downside protection, indicating a shift from "growth" to "macro asset" hedging strategies.
Institutional adoption is expected to accelerate, with US spot crypto ETF net inflows predicted to exceed $50 billion.
Model portfolios may soon include BTC funds at a strategic weight of 1%-2% due to increasing AUM and liquidity.

Bitcoin price chart

Conclusion

Despite near-term uncertainties, Galaxy Research maintains a bullish long-term outlook for Bitcoin, driven by growing institutional adoption and structural shifts in market dynamics.