Bitcoin slipped back to the $90,000 level on Thursday. This move erased most of the gains seen at the start of the year. The price is down more than 4% and has lagged behind assets like gold and stocks. Even so, many analysts still believe Bitcoin has strong upside left this year. Some even think it could eventually reach $300,000.
Bitcoin is technically still in a bear phase. The price has fallen more than 30% from its 2025 high. This drop came as demand slowed and the usual January rally faded.
Despite this, optimism remains high. Analysts at Standard Chartered told CNBC that Bitcoin could rise to $150,000 this year. This is lower than their earlier $300,000 forecast. They cut the target because they expect Digital Asset Treasury companies to slow down their buying compared to last year.
CoinShares analysts see Bitcoin trading between $120,000 and $170,000. They believe lower inflation and future interest rate cuts could support higher prices.
Maple Finance expects Bitcoin to reach $175,000. Bit Mining has an even higher view, with a target of $225,000.
Other bullish voices come from firms like Nexo, FundStrat, and Strategy. Nexo believes Bitcoin could trade between $150,000 and $200,000 over time.
These forecasts were shared with CNBC, which gathered views from leading crypto firms. Several factors explain why analysts remain confident.
One key reason is interest rates. Many expect the Federal Reserve to continue cutting rates. Risk assets like Bitcoin usually perform well when borrowing becomes cheaper. Expectations have grown stronger as Donald Trump is likely to appoint a more crypto friendly Fed chair in the future.
Another possible boost could come from government stimulus. Trump’s proposed tax plans may result in large refunds for some taxpayers. Extra cash often finds its way into investments, including crypto.
Trump has also hinted at a possible dividend funded by tariff revenue. However, this idea would need approval from Congress. Most analysts see that as unlikely.
There is also talk that the Supreme Court may cancel Trump’s tariffs. The argument is that the president lacked emergency powers to impose them. If tariffs are removed, inflation could ease further. That would strengthen the case for more rate cuts.
Bitcoin ETFs are another major factor. Analysts expect ETF inflows to continue as more institutions enter the market. This trend could accelerate if the CLARITY Act is passed later this year. Clearer rules tend to attract bigger investors.
Some analysts also believe Bitcoin has lagged behind gold. With gold hitting new highs, they expect Bitcoin to play catch-up.
From a technical view, Bitcoin recently pulled back after hitting resistance near $94,516. Even after the drop, it is still trading above the 50-day exponential moving average.
The price also remains above the Supertrend indicator. This is often seen as a bullish signal.
Most importantly, Bitcoin has formed an ascending triangle pattern. This pattern usually suggests continuation rather than a full reversal.
If this setup holds, Bitcoin could rebound soon. The first target would be the top of the triangle. After that, traders will be watching the $100,000 level closely.
