In accordance with RBC, major financial companies have revised their Bitcoin price forecasts downward amid recent market turbulence. The price of Bitcoin fell below $100,000 in early November, marking its first drop to that level since June. Galaxy Digital cut its 2025 price target from $185,000 to $120,000, citing capital outflows to gold and AI. ARK Invest also lowered its 2030 target from $1.5 million to $1.2 million, citing the rapid growth of stablecoins. JPMorgan, however, predicts a rise to $170,000 in the next 6–12 months based on Bitcoin’s improved stability compared to gold.
Major Financial Firms Revise Bitcoin Price Targets Amid Market Volatility
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