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Institutional price targets for BTC by end of 2026—quite the spread we're seeing here. Tom Lee sits at the bullish extreme with $450,000, while Vanguard's more conservative at $225,000. The middle ground clusters around $300k-$375k: Cathy Wood at $300k, BlackRock at $325k, and Fidelity pushing $375k.
What's interesting is where the consensus leans. Grayscale, CoinShares, and Marathon Digital peg their outlooks between $185k and $250k—notably more cautious than the mega-cap players. The range itself tells you something: from $185k to $450k is a massive variance, reflecting genuine uncertainty about macro conditions, adoption rates, and regulatory landscape over the next two years.
Clearly no two shops agree on the trajectory. Worth asking—what assumptions is each one baking in? Macro tailwinds? Institutional adoption curves? We'll have plenty of time to watch how these forecasts age.