#2026年比特币行情展望 The Bitcoin market in 2026 sees differing opinions among institutional investors and analysts.

What are the bullish voices saying? As institutional demand expands and regulation becomes clearer, JPMorgan has set a theoretical high of $170,000. Institutions like Standard Chartered and Bernstein are more cautious, targeting the $150,000 level. Ripple's CEO is more aggressive, directly calling for a range of $180,000 to $200,000.

On the other hand, there are also significant bearish voices. Technical analysts emphasize the risk of a pullback, with Fidelity warning that following the four-year cycle pattern, the price might adjust to the $65,000-$70,000 range, and CryptoQuant's mid-term forecast even suggests it could drop to $56,000. Bloomberg analyst Mike McGlone is extremely bearish, warning that risks could push the price down to $10,000.

Where is the market consensus? Everyone is watching the continued inflow of ETF funds, macroeconomic policy trends, and on-chain supply and demand changes—these are the true core variables. Considering all viewpoints, the actual trend is likely to fluctuate within a broad range of $70,000 to $250,000.