Bitcoin Price Prediction: Galaxy Cuts 2025 Target to $120K as Metaplanet, Adam Back Fuel Institutional Confidence

Bitcoin hovered near $103,000 on Wednesday after Galaxy Digital lowered its 2025 price forecast from $185,000 to $120,000, citing increased leveraged liquidations, whale sell-offs exceeding 400,000 BTC, and tightening market ￰0￱ the downgrade, Galaxy maintained a long-term bullish stance, pointing to institutional inflows and ETF growth as drivers of the next expansion ￰1￱ Adjusts Forecast but Stays Bullish Alex Thorn, Galaxy’s head of research, described Bitcoin’s current stage as a “maturity era,” characterized by slower but steadier ￰2￱ emphasized that as long as Bitcoin holds above the $100,000 mark, the broader bull market structure remains intact.

i’m lowering my BTC bullish EOY target to $120k (prev $185k) just sent this note to clients whale distribution, non-BTC investments, treasury company malaise, and other factors contributed to BTC headwinds in 25 (long-term future still bullish, of course) ￰3￱ — Alex Thorn (@intangiblecoins) November 5, 2025 Last month’s $20 billion flash crash, which briefly drove Bitcoin below six figures, sparked fears of a bearish shift. However, analysts argued that the 21% correction fits within typical cycle ￰4￱ reiterated that Galaxy remains confident in Bitcoin’s fundamentals, expecting a recovery once markets stabilize and institutional participation strengthens.

Metaplanet’s $100M Bitcoin Loan Expansion Meanwhile, Japan’s Metaplanet Inc., the country’s largest corporate Bitcoin holder, announced a $100 million loan from its $500 million Bitcoin-backed credit facility to expand its holdings and fund revenue ￰5￱ loan represents just 3% of its total 30,823 BTC reserves, currently valued around $3.5 billion, demonstrating a conservative leverage ￰6￱ firm will allocate part of the funding to its growing Bitcoin income business, which generated ¥24.4 billion ($160 million) in Q3 2025, up 3.5x ￰7￱ aims to reach 210,000 BTC by 2027, reinforcing its commitment to long-term Bitcoin accumulation despite market ￰8￱ Back’s Swiss Firm Boosts Institutional Adoption Adding to the institutional momentum, “Future,” a Swiss Bitcoin treasury and custody startup co-founded by Adam Back, raised $34.5 million (28M CHF) in a funding round led by Fulgur Ventures, Tobam, and Nakamoto Future ￰9￱ firm provides multisignature custody, treasury management, and advisory services for corporations integrating Bitcoin into their balance sheets.

UPDATE: Future, a Swiss Bitcoin treasury startup co-founded by Adam Back, raises $34.5M to build a Bitcoin treasury/custody ￰10￱ — Cointelegraph (@Cointelegraph) November 5, 2025 Co-founded by industry leaders including Julian Liniger (Relai) and Marc Syz (Syz Capital), Future aims to establish itself as Switzerland’s top Bitcoin treasury ￰11￱ move aligns with Switzerland’s MiCA-aligned crypto legislation, reinforcing the nation’s role as a European hub for institutional Bitcoin ￰12￱ Technical Outlook: Early Signs of Reversal Bitcoin (BTC/USD) is consolidating near $103,580, stabilizing after last week’s drop from $111,000. On the 2-hour chart, BTC forms a descending broadening wedge, a structure often signaling selling exhaustion and a potential upside reversal.

A bullish engulfing candle near $100,400, the lower wedge boundary, suggests renewed buying ￰13￱ RSI has recovered from oversold levels near 30 to around 48, showing bullish ￰14￱ has reclaimed its 20-EMA, and a breakout above the 50-EMA at $104,200 could confirm a momentum ￰15￱ Price Chart –) may open a recovery path toward $111,000, while failure to hold $103,000 could revisit $100,400–$97,600. Trade Setup: A long position above $104,200 targets $106,300 and $111,000, with a stop-loss below $101,500. Outlook Despite near-term pressure, the combination of institutional expansion from Galaxy, strategic accumulation by Metaplanet, and growing Swiss investment infrastructure suggests Bitcoin’s long-term growth story remains ￰16￱ market may be entering a period of consolidation before its next major breakout, as institutional confidence quietly builds beneath the ￰17￱ Hyper: The Next Evolution of BTC on Solana?

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