Will gold easily break $4,000 by the end of the year? Wall Street is collectively bullish, and Bitcoin is poised for action.

According to the latest data from Trading View, since the beginning of this year, gold prices have demonstrated strong upward momentum, with spot gold prices having risen by a cumulative 26.6%. Recently, it has first broken through $3,500 per ounce, setting 28 historical highs in just over four months.

Market analysis indicates that the global geopolitical tensions, uncertainty in monetary policy, and the continued demand for gold from central banks have jointly enhanced the appeal of gold as a safe-haven asset. Particularly noteworthy is that, against the backdrop of the escalation of U.S. tariff policies and heightened Sino-U.S. trade conflicts, investors' concerns about the economic outlook have evidently become a key factor in further driving up gold prices.

Wall Street is optimistic that gold prices will continue to soar.

In this context, Goldman Sachs has recently raised its gold price forecast, predicting that gold prices could reach $3,700 per ounce by the end of 2025, and in extreme cases, could even approach $4,500.

JPMorgan has also continued to give an optimistic forecast for the future trend of gold prices in its latest report released recently.

The report points out that, affected by the escalation of U.S. tariff policies and the ongoing Sino-U.S. trade conflict, the risk of a global economic recession is continuously rising. It is expected that gold prices will reach an average of $3,675 per ounce in the fourth quarter of 2025 and further climb above $4,000 in the second quarter of 2026. JPMorgan emphasized in the report:

The foundation supporting our prediction that gold prices will move towards $4,000 per ounce next year is the sustained strong demand from investors and central banks for gold, which is expected to reach an average net demand of about 710 tons each quarter this year.

The correlation between Bitcoin and gold is strengthening.

It is noteworthy that recent market data shows that the price correlation between Bitcoin and U.S. stocks is weakening, while its correlation with gold is significantly strengthening. As another highly regarded safe-haven asset, Bitcoin is known as "digital gold," and in an environment of increasing global economic uncertainty, it is gradually forming a closer price linkage with gold.

Analysts have pointed out that if gold prices continue to rise according to JPMorgan's forecast, Bitcoin may also benefit from similar safe-haven demand, pushing it further up.