Bitget Expects Bitcoin to Reach $160K by Year-End Despite Sluggish Recovery

Lee noted that Bitcoin’s failure to stabilize immediately after dipping below the $99,000 mark signaled hesitant sentiment, despite its growing role as a macro hedge asset. “Its potential as a safe-haven shines through, but tempered risk appetite delays recovery,” he said.

Despite short-term volatility, Lee remains bullish. He forecasts BTC reaching $110,000 to $115,000 in Q3, with a potential rally toward $130,000–$160,000 by the end of 2025, driven by sustained institutional demand and broader adoption trends.

Lee also expects Ethereum to trade in the $2,600–$2,800 range in the near term, with longer-term upside targets of $5,500, reflecting its role in network utility and future ETF tailwinds.

While short-term caution persists, Lee’s outlook suggests confidence in a strong second-half recovery for crypto’s top assets.

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