Galaxy Slashes Bitcoin Price Target for 2025 as BTC Enters 'Maturity Era'

Galaxy has reduced its end-of-year price target for Bitcoin from $185,000 to $120,000 after Bitcoin dropped below $100,000 for the first time in six months. The institutional crypto firm explained that Bitcoin is now entering a 'maturity era,' characterized by lower volatility and institutional absorption. Galaxy's assessment highlighted a shift in market dynamics, citing factors such as diminished investor confidence and competition from alternative assets. The report also noted that retail interest in Bitcoin has waned since 2021, with retail buyers being described as apathetic. Despite the short-term challenges, Galaxy's head of research remains optimistic about Bitcoin's long-term potential but acknowledges that price recovery may take longer than expected. Analysts have suggested that traders consider purchasing Bitcoin during dips, indicating a cautious yet strategic approach in the current market environment.

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