Analysis: Bitcoin's recent pullback has been weaker than the previous cycle, with optimists betting on a year-end surge to $150,000.

According to TechFlow TechFlow, on January 3rd, Fu Rao, Executive Director of the Hong Kong International New Economy Research Institute, published an article in the Hong Kong media outlet Ta Kung Pao titled "Speculative Attributes Fading, Bitcoin Volatility Stabilizing." In the article, he pointed out that the surge in Bitcoin in 2025 differed from previous years, primarily due to the widespread availability of ETFs. The recent price correction was not significant compared to the past four or five years, a change that may be related to the impact of the macroeconomy on traditional investment strategies. Regarding Bitcoin's price movement in 2026, there are two opposing views in the market. One side believes Bitcoin may experience a significant correction, even returning to a lower price range, while the other side is optimistic that Bitcoin will reach $150,000 by the end of the year and anticipates reaching $250,000 in 2027. Currently, Bitcoin has largely completed its entry into the traditional financial sphere, but it will still take 5 to 10 years to achieve the same level of social acceptance as gold.