Galaxy Digital analysts indicate Bitcoin above $250,000 – outlook until 2027 amid market volatility

Researchers from Galaxy Digital point out the complex market situation where Bitcoin will have to face turbulence in the short term before reaching significant growth levels. Alex Thorn, head of research at the firm, analyzes broad ranges of possible price scenarios for BTC, reflecting current market uncertainty.

Price forecasts under instability

According to leading analysts at Galaxy Digital, Bitcoin could reach $250,000 by the end of 2027, although the path to this goal will be full of challenges. 2026 is identified as a particularly unpredictable period – market option valuations indicate equal chances for different price ranges. By the end of June 2026, the market prices in the possibility of reaching $70,000 or $130,000 with the same probability, while scenarios between $50,000 and $250,000 are possible by the end of the year.

At the time of publication, Bitcoin was trading at $88,096, serving as a reference point for current market analyses. Current quotes indicate a price of $90.97K, confirming the asset’s position around these levels.

Too broad a range of possible scenarios

Such a wide forecasted price range results from increasing uncertainty regarding short-term market dynamics. The current situation in the cryptocurrency market is already deeply embedded in a bear recession – Bitcoin has failed to build a clear upward momentum. Until BTC stabilizes above $100,000–$105,000, the risk remains tilted toward further declines.

The broader macroeconomic environment further complicates forecasts. The pace of investment in artificial intelligence, shifts in monetary policy by central banks, and political changes in the United States – all create additional sources of uncertainty affecting asset valuations.

Changes in Bitcoin market volatility

Observing structural changes in Bitcoin volatility is key to understanding market evolution. Over the past year, a decrease in long-term BTC volatility has been noted, partly due to the introduction of larger structured products generating income. A particularly significant change is the shift in the options volatility profile – the so-called (volatility smile) now prices put options as more expensive relative to call options, which was not observed a year ago.

This transformation indicates a transition from a developing and growing market character to a structure more similar to traditional macroeconomic markets.

Long-term trajectory and asset class maturation

Regardless of short-term volatility, Bitcoin continues its maturation process as a legitimate asset class for professional investors. Galaxy Digital maintains a bullish long-term outlook, even if 2026 may turn out to be a less spectacular period for this store of value.

The increase in institutional access is associated with easing monetary conditions and significant interest in hedging instruments against dollar weakening. Analysts suggest that Bitcoin may follow gold’s path and become a widely accepted tool for protection against fiat currency devaluation within the next two years. This process will be supported by growing institutional adoption and an evolving market infrastructure.