Bitcoin Near Bottom as Institutional Buying Surges, Bitwise CIO Matt Hougan Predicts 125K-150K Rally

COINOTAG News notes that Bitcoin traded below $100,000, a fresh low since June, reigniting talk of a crypto winter. Bitwise Chief Investment Officer Matt Hougan argues the market is closer to a durable bottom than the start of a new bear phase, stressing that downside pressure has been concentrated among short-term traders rather than a long-term demand shift.

Despite retail sentiment plunging to extreme despair and frequent leverage liquidations, institutional buyers and financial advisors remain constructive, steadily allocating to Bitcoin and related assets through ETF channels. Hougan highlights that institutions are increasingly the market’s primary force, directing capital through regulated vehicles.

Hougan cautions that retail selling pressure is nearing exhaustion, suggesting a near-term bottom may be forming. He outlines a bullish trajectory where Bitcoin could target the $125,000–$130,000 range, with potential for $150,000 if upside momentum persists and institutional demand grows, driving a more rational capital cycle.