Bitcoin to Hit $250K by 2027, Galaxy Digital’s Alex Thorn Says Amid 2026 Uncertainty

As macro headlines keep pressuring risk assets, Bitcoin sits in a bear-market backdrop with little clear bullish momentum and a cautious near-term trajectory. Traders point to ongoing macro uncertainty and a delicate risk-on/off balance as headwinds for a decisive rally, even as the options market hints at a wide array of possible BTC outcomes.

The options market currently reflects a broad distribution: by mid-2026, prices imply roughly equal odds of about $70,000 or $130,000; by year-end 2026, the odds of moves to roughly $50,000 or $250,000 remain plausible. This expansive pricing illustrates significant mid-term uncertainty for Bitcoin.

Against this backdrop, the expansion of institutional access and looser monetary policy bolster Bitcoin as a potential non-dollar hedging asset, complementing traditional hedges like gold. If adoption accelerates, the long-term case for Bitcoin remains compelling, even as short-run volatility persists.