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idcrypt - Galaxy Digital has sharply revised its 2025 Bitcoin price forecast, lowering its target from $185,000 to $120,000 in what the firm describes as a “structural re-evaluation” of the market. The adjustment underscores a growing belief within institutional circles that Bitcoin has transitioned into a more mature phase — one defined less by parabolic gains and more by steady, policy-sensitive behavior. Alex Thorn, Galaxy’s head of research, stated in an investor note obtained by DL News that Bitcoin’s “maturity era” has begun. “The days of 1,000x, 100x, or even 10x gains are likely behind us,” Thorn wrote. His comments highlight an evolution from Bitcoin’s speculative youth into an asset class increasingly correlated with traditional markets like gold and equities. The announcement followed a volatile week in which Bitcoin rebounded from a two-day low of $99,000 — its weakest level since May — to trade above $103,000 on Thursday morning. Despite the bounce, Thorn’s outlook refl...