While the leading cryptocurrency Bitcoin (BTC) is currently in a downward trend amidst heavy selling, analysts maintain their bullish expectations for the end of 2025. At this point, cryptocurrency analysis company Tiger Research stated in a recent report that the Bitcoin price could reach $190,000 in the third quarter of this year. This forecast indicates a 67% upside potential for Bitcoin from current levels. Tiger Research analysts stated that Bitcoin's bullish forecast is driven by factors such as the increasing pace of institutional investor adoption of Bitcoin, record levels of global liquidity, increasing ETF inflows, and the opening of Bitcoin investments into US 401(k) retirement accounts. Tiger Research also added that it expects the Bitcoin price to rise if current liquidity and adoption trends continue, but there is another possibility of a correction in the short term. “The purchasing power of institutional investors is overwhelmingly superior to that of individual investors. If increasing institutional demand, current liquidity, and adoption trends continue, our model predicts Bitcoin's fair value in Q3 will be $190,000. But a short-term correction is possible.” *This is not investment advice.