PANews August 28 news, Tiger Research released the Bitcoin valuation report for Q3 2025, predicting a target price of $190,000, a potential increase of 67% from the current level. The report points out that the acceleration of institutional adoption of Bitcoin, record-high global liquidity, and the opening of Bitcoin investment in U.S. 401(k) retirement accounts are the main driving factors. In addition, institutional holdings continue to increase, with ETFs holding 1.3 million BTC, accounting for about 6% of the total supply. Although on-chain indicators suggest a possible short-term correction, institutional buying provides strong price support, and the long-term trend remains positive.

Related reading: Target $190,000, Q3 2025 Bitcoin valuation report