Bitcoin Price Target Raised to $200K on Institutional ETF Inflows
Tiger Research raised its Q4 2025 Bitcoin price target to $200,000, citing robust institutional inflows and stable ETF net flows. The report notes $7.8 billion in Q3 ETF inflows and $3.2 billion in early October. Strategy Inc. acquired 388 BTC, underscoring institutional demand. On-chain metrics remain healthy: MVRV-Z at 2.31 and adjusted SOPR at 1.03, while large transfers boost volumes. Bitcoin hit a record $126,210 on October 6 before a US-China trade-driven dip to $104,000. Institutions seized the pullback. Using a TVM model, Tiger sets a neutral base at $154,000, applies a –2% fundamental adjustment and a +35% macro boost—anchored by M2 supply over $96 trillion and Fed rate cuts to 4.00–4.25%—to reach the Bitcoin price target. Short-term consolidation is seen as healthy ahead of further Fed rate cuts.
Bullish
The upgraded Bitcoin price target reflects strong institutional demand, record ETF inflows and supportive macro conditions, including Fed rate cuts and high M2 supply. Healthy on-chain metrics and dip-buying by institutions signal continued accumulation. Short-term consolidation amid a positive liquidity environment paves the way for further upside, making the outlook bullish for BTC trading.