On-Chain Data and Growing Institutional Interest Propel Bitcoin Toward $150,000

Analysts increasingly support the idea that Bitcoin could reach $150,000, citing both blockchain data and growing institutional interest as major forces. Recent figures from analytics firms such as CryptoQuant highlight the Network Value to Transaction Golden Cross (NVT-GC) as a pivotal measurement. This indicator, which assesses Bitcoin’s market value relative to its transaction activity on-chain, is now in a range from neutral to bullish, indicating that the cryptocurrency may be undervalued and poised for further growth. Historical data shows that when NVT-GC dropped into the green zone (below -1.6), Bitcoin’s price often followed with gains of 78% and 23%, showcasing the metric’s forecasting capability title1 [ 1 ].

Some experts have set bold price goals, predicting Bitcoin could hit $150,000 in a matter of weeks. CryptoQuant analyst Pelin Ay observed that the most recent NVT-GC signal in July 2025 sparked a price rebound and that the indicator is still far from signaling a market top. She anticipates a move to the $120,000–$150,000 range in the near future title4 [ 4 ]. Likewise, CryptoQuant’s Percival has referenced Fibonacci expansion targets and realized cap increases to support a $136,000–$150,000 outlook, noting that Bitcoin’s realized cap has grown 111% in 2024—far less than the 470% jump seen in 2021—suggesting additional room for price increases title5 [ 5 ].

Key factors fueling the rally include increased institutional participation and broader macroeconomic shifts. The introduction of U.S.

spot ETFs in 2024, which brought in $40 billion in new investments, has strengthened demand. Many analysts expect that a U.S. administration supportive of digital assets will encourage even greater institutional involvement, especially as the Bitcoin Futures market currently stands at $95 billion, boosting overall liquidity title5 [ 5 ]. Standard Chartered and Bernstein both anticipate Bitcoin could reach $200,000 before year-end, attributing their forecasts to ETF inflows and rising institutional adoption title7 [ 7 ].

Despite the optimistic outlook, some caution remains. Certain traders warn of a possible drop to $58,300, drawing comparisons to the 2023 lows near $25,000 title1 [ 1 ]. On-chain metrics such as the MVRV Z-Score and STH Realized Price indicate that Bitcoin hasn’t yet entered bubble territory, as the MVRV Z-Score is below 3—a level that historically suggests more room for gains before reaching a market peak title9 [ 9 ]. However, if the NVT-GC becomes overheated, it could signal a temporary price top and trigger a short-term correction title3 [ 3 ].

The ongoing discussion about Bitcoin’s market cycles adds complexity to the picture. While traditional four-year cycles, typically tied to halving events, have been a guide, the influence of sustained institutional buying and ETF demand may alter this pattern. Fidelity’s Jurrien Timmer and Rekt Capital suggest that the current bull market might last through late 2025, with on-chain indicators like the Pi Cycle Top Indicator pointing to an approaching peak title6 [ 6 ]. On the other hand, CryptoQuant’s Ki Young Ju notes that selling by large holders to new long-term investors, rather than retail-driven mania, is shaping the current cycle title6 [ 6 ].

In summary, Bitcoin’s potential to hit $150,000 rests on ongoing strength in blockchain metrics, robust institutional inflows, and a stable macroeconomic environment. While short-term swings remain a risk, the general view among analysts is that the bull market still has room to run, with price projections for late 2025 ranging from $150,000 to $200,000.