In the Bitcoin trend forecast, the institutions are at odds. Some are firmly bullish for 2026, while others warn of potential corrections. The core issue is actually quite simple—does the traditional four-year halving cycle still hold?

Let's first look at the optimistic voices. Citibank's prediction is the most aggressive: a baseline target of $143,000, with a bullish scenario potentially reaching $189,000. Standard Chartered and Bernstein are not to be outdone, both pointing to the $150,000 threshold. What about the consensus among other market institutions? It mainly falls within the $120,000 to $170,000 range. If macro conditions are strong enough and institutional funds continue to flow in, it could even reach $250,000.

But the story gets more complicated from here. Fidelity's macro research director poured cold water on the optimism, believing that the current cycle has already peaked, and 2026 is just a "rest year." Their bottom support expectations are in the $65,000 to $75,000 range. Gemini's institutional business head offers a different perspective—market maturation may lead to decreased volatility, and the return expectations for 2026 might not be as enticing.

Both bullish and bearish views have their merits; the question is, which one do you believe?