A new forecast from Tiger Research suggests Bitcoin may climb as high as $190,000 in the third quarter of 2025, pointing to a potential 67% rally from current levels.
The bullish projection comes as institutional capital floods into crypto markets, global liquidity reaches unprecedented highs, and U.S. retirement accounts begin opening the door to Bitcoin exposure.
Institutional Buying Power Takes the Lead
According to the report, Bitcoin’s market structure is shifting away from retail-led speculation and toward institutional dominance. Large inflows from asset managers, combined with an expansion of global money supply, are fueling demand. One of the most significant drivers, analysts say, will be access through U.S. 401(k) retirement plans. Even a modest allocation from this massive pool of capital could reshape long-term demand dynamics.
Tiger Research built its valuation using an adjusted Time Value of Money (TVM) model, factoring in on-chain activity and macro conditions. If current trends continue, the firm believes Bitcoin’s “fair value” could align with the $190,000 target by Q3.
Warning Signs of Overheating
Despite the optimistic scenario, the firm cautioned that Bitcoin is not immune to corrections. On-chain metrics such as MVRV-Z are edging toward overheated levels, hinting at short-term risks. Analysts note that Bitcoin is still hovering above its key $100,000–$107,000 support range but warn that liquidations could spark volatility.
Market watchers emphasize that while profit-taking levels are not yet extreme, the interplay of interest rate policies, geopolitical tensions, and liquidity shifts will remain critical in shaping Bitcoin’s trajectory.
A High-Stakes Quarter Ahead
The Q3 2025 outlook sets the stage for what could be one of Bitcoin’s most important milestones to date. Whether the cryptocurrency can reach $190,000 will ultimately depend on institutional inflows holding steady and global macroeconomic conditions remaining supportive. For investors, the report serves as both a bold prediction and a reminder of the risks that come with Bitcoin’s volatility.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Source: https://coindoo.com/bitcoin-could-hit-190000-in-q3-2025-says-new-research/