Galaxy Cuts Bitcoin Targets to $120K (YE 2024) & $100K (2025)
Galaxy Digital has revised its Bitcoin price target, lowering its year-end 2024 forecast from $185,000 to $120,000 and its 2025 outlook from $200,000 to $100,000. In a research note, the firm cited the onset of a Bitcoin maturity era marked by reduced volatility, slower institutional flows and a $19 billion liquidation event triggered by geopolitical tensions. While acknowledging competition from gold, AI equities and stablecoins, Galaxy sees stronger institutional absorption as driving a steadier growth trajectory. Traders should note that passive investments now dominate, resulting in more predictable returns and less explosive price swings. The revised Bitcoin price target reflects caution over macro events and liquidity trends, suggesting traders monitor these indicators when adjusting strategies. Despite these adjustments, Galaxy remains long-term bullish on Bitcoin as an institutional-grade store of value.
Neutral
Galaxy’s reduction of its Bitcoin price target signals a shift toward stability over volatility. In the short term, traders may see muted price swings and fewer rapid rallies, reflecting lower speculative inflows. Over the long term, institutional adoption and passive investments support gradual appreciation, aligning Bitcoin’s behaviour more closely with traditional assets. Although adjusted targets are lower, the firm’s continued bullish outlook suggests that market fundamentals remain intact. Overall, the news is neutral for BTC price action, as it balances upside potential with tempered expectations.