Published research this week leans firmly bullish on Bitcoin, with two distinct cases converging on higher prices.
One camp of analysts anchors on a multi-year structural thesis: Bitcoin's transition into a recognized "digital gold" is still incomplete. In that view, today's price doesn't yet reflect a world where BTC is universally treated as a safe-haven asset. Their published estimate puts fair value at 5–10x current levels once regulatory clarity and institutional adoption — accelerated by US spot ETF approvals — fully play out.
A separate research thread frames the bullishness through the familiar four-year cycle and broader market structure. That view acknowledges near-term softness but stays, in its own words, "very bullish" on the medium-to-long term, with strong conviction through at least October.
Different lenses, same direction: the published consensus reads through-cycle weakness as noise, not signal, and treats the structural setup as intact.