Viewpoint: Macroeconomic environment and institutional adoption will drive Bitcoin up to $102,000

According to Odaily, Gabe Selby, Head of Research at CF Benchmarks, stated that driven by institutional buying and a favorable macroeconomic outlook in 2026, the price of bitcoin 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 further cut interest rates 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 that investors withdrew over $400 million from spot bitcoin ETFs on Thursday. Gabe Selby pointed out that institutions will become the main driving force in the market in 2026. At present, the 14 spot ETFs in the United States collectively hold over $100 billions in assets, with BlackRock's iShares Bitcoin Trust leading the way with $67 billions in assets under management. In the next phase, institutions will integrate digital assets into discretionary strategies and model portfolios. In addition, SEC filings show that Morgan Stanley is preparing to launch new ETFs backed by bitcoin and other cryptocurrencies.