A prominent bitcoin bull has sharply cut their price forecast, signalling growing caution amid shifting market conditions. The firm now expects bitcoin to reach only half of its earlier target, citing weaker liquidity, slower institutional inflows and reduced momentum from ETF demand. Analysts say regulatory uncertainty, profit-taking by long-term holders and muted macro risk appetite are also weighing on near-term upside. While they still believe in bitcoin’s long-term potential, the revised projection reflects a more measured outlook on adoption, miner economics and capital flows heading into 2026.