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Matt Hougan Predicts the End of Bitcoin’s Negative Trend
According to Hougan, despite Bitcoin’s sharp drop to $100,000, there will be no “crypto winter”, and the market is expected to recover by the end of 2025.
“It’s almost a tale of two markets. The retail side of crypto is in a state of maximum despair. We’ve seen massive liquidations, and that segment is more depressed than ever. We need to go through a washout of retail sentiment — and I believe we’re very close to that,” Hougan explained.
At the same time, institutional investors remain optimistic. The rising popularity of crypto funds such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC) is reshaping the market, the analyst noted.
He emphasized that Bitcoin has a chance to reach a new all-time high by the end of Q4.
“I think Bitcoin could easily end the year at new record levels — somewhere between $125,000 and $130,000.
Whether we reach $150,000, we’ll see, but that doesn’t seem unrealistic,” the expert said.
Hougan added that the current downturn is part of a “washout” of retail investors, after which the market will once again come under institutional control. This process will intensify as the prices of leading crypto assets stabilize.
Earlier, MicroStrategy chairman Michael Saylor shared an optimistic forecast, suggesting that Bitcoin could reach $150,000 by the end of the year.
See also: "Wintermute Analysts Reveal the Reason Behind the Crypto Market Decline"
