Bitcoin is positioned at a key inflection point: strong institutional and regulatory support underpins the rally, technicals remain constructive, and investor sentiment is cautiously optimistic. While volatility is inherent, the path toward $150k–$200k or higher by late 2025 appears plausible among both analysts and asset managers. That said, increased caution in the $115k–$117k support zone is warranted, and any breakdown below could lead to deeper consolidation.