Analysts predict Bitcoin will peak between $180,000 and $250,000 in 2025 - What is the most realistic level?

As Bitcoin continues its bullish trend and sets new peaks, one of the most pressing questions for investors is: how high can the price actually go?

Determining when the market reaches its peak is an extremely difficult task, especially when expectations for a new ATH are rising.

In the current stage of the cycle, investors need to refer to both old and new forecasts: previous forecasts help to better understand the overall picture, while future forecasts reflect the market dynamics and macro factors that are currently developing.

If Bitcoin peaks in 2025, will investors rush to withdraw funds due to fears of a crypto winter, or will this time be different?

Bitcoin Price Forecast Highlights for 2025

The first price target appears at the end of 2024 and the beginning of 2025, when Bitcoin surpasses the $90,000 mark. Analysts from VanEck, Galaxy Digital, and Fundstrat have begun sharing forecasts in the range of $180,000 – $250,000, primarily citing past price cycles, institutional adoption, and momentum from favorable regulations as the main catalysts.

A sudden surge in Bitcoin spot ETF inflows and the realization that global liquidity is expanding are other reasons supporting the BTC price estimate.

As the co-founder of BitMEX – Arthur Hayes noted: “Bitcoin trades entirely based on market expectations of future fiat money supply” and those expectations are skyrocketing.

! BTC price forecast 2025 by analysts | Source: Marie PoteriaievaInterestingly, many of the predictions made at the end of 2024 remained unchanged in May 2025, when core assumptions such as institutional demand increased and signals that regulation favored the crypto space, largely went as expected. Newer macro developments only reinforce these predictions.

"Liquidity" has become a common term in the analysis community, as Treasury bond yields remain high and the debt crisis is approaching.

As the author Nik Bhatia of The Bitcoin Layer noted:

"Bitcoin increased alongside yields in 2021, thanks to economic growth, stimulus, and inflation. This is repeating alongside yields in 2025. But this time, the context is different. It is not optimism driving this move, but the market is seeking neutrality."

Will the bear market begin in 2026?

Most analysts agree that Bitcoin is firmly in a bullish market.

Onchain analyst Willy Woo recently pointed out that the "risk signal" tends to decrease, indicating that the liquidity of buyers continues to dominate. The last time this happened, from 2023 to 2024, Bitcoin increased by over 200%.

"We are preparing for another solid bullish phase in the long-term timeframe."

Bitcoin risk signal | Source: Willy WooHowever, many models based on Bitcoin market cycles predict a strong correction in 2026, which could lead to a crypto winter. However, Willy Woo stated:

"It is not necessary to bet on the 4-year cycle. BTC is transitioning. Internal factors such as halving are weakening and global liquidity is driving BTC. Therefore, this top asset is becoming a catalyst for global macro movements."

Analyst Stack Hodler notes that the Trump administration's efforts to lower the 10-year Treasury yield through tariffs and spending cuts have failed. Currently, the U.S. deficit is set to increase. History is repeating itself: rising debt, currency depreciation, and the global financial system is being reset.

"There are still about 7 trillion USD sitting in money market funds. All this money will eventually flow into something that cannot be printed. As the only reliable finite store of value that continues to perform well... Bitcoin will be the biggest winner."

This capital, once released, could drive a much stronger movement than most current predictions in 2025.

Joe Burnett of Unchained even hypothesized about the upcoming "race" to accumulate Bitcoin, which could push its price to 1 million USD by 2030. At that time, ARK Invest's Cathie Wood predicted a potential range from $500,000 to 2.4 million USD.

These numbers seem quite high. But in a world where the U.S. debt spiral shows no signs of slowing down and where the stability of fiat currency is increasingly in doubt, this could still be a feasible target with BTC.

As the use cases for Bitcoin continue to increase, the market may just be beginning to price in its role in future financial restructuring.

Vincent