Viewpoint: Macro Environment and Institutional Adoption to Drive Bitcoin to $102,000

Odaily News CF Benchmarks Head of Research Gabe Selby stated that, influenced by institutional buying and favorable 2026 macroeconomic conditions, the Bitcoin price is expected to rise 15% from the current $90,000 to $102,000. Declining labor costs signal cooling inflation, which will prompt the Federal Reserve to implement further interest rate cuts in 2026. This Goldilocks environment is favorable for risk assets.

Currently, Bitcoin is down nearly 30% from its all-time high of $126,000 set in October 2025. Data from DefiLlama shows investors withdrew over $400 million from Bitcoin spot ETFs on Thursday. Gabe Selby pointed out that institutions will be the primary market driver in 2026. Currently, the 14 US spot ETFs have cumulatively amassed over $100 billion in assets, with BlackRock's iShares Bitcoin Trust leading with $67 billion in assets under management. In subsequent phases, institutions will integrate digital assets into discretionary strategies and model portfolios. Furthermore, SEC filings indicate that Morgan Stanley is preparing to launch new ETFs backed by cryptocurrencies such as Bitcoin.