The prevailing view is that the macroeconomic environment and institutional adoption will drive Bitcoin to $102,000.

According to Mars Finance, Gabe Selby, Head of Research at CF Benchmarks, stated that driven by institutional buying and a positive macroeconomic environment, Bitcoin's price is expected to rise 15% from its current $90,000 to $102,000. Declining labor costs, indicating cooling inflation, will prompt the Federal Reserve to further cut interest rates in 2026, a "Goldilocks" environment favorable for risk assets. Currently, Bitcoin is down nearly 30% from its all-time high of $126,000 reached in 2025. DefiLlama data shows that investors withdrew over $400 million from Bitcoin spot ETFs on Thursday. Gabe Selby pointed out that institutions will be the main driver of the market in 2026. Currently, 14 US spot ETFs hold over $100 billion in assets, with BlackRock's iShares Bitcoin Trust leading with $67 billion in assets under management. In the subsequent stage, institutions will integrate digital assets into discretionary strategies and model licenses. Furthermore, SEC filings show that Morgan Stanley is preparing to launch a new ETF backed by cryptocurrencies such as Bitcoin.