PANews reported on December 21st that Alex Thorn, Head of Research at Galaxy Digital, stated in an article on the X platform that Bitcoin remains bullish in the long term, with a projected price reaching $250,000 by the end of 2027. The options market indicates high uncertainty in the short to medium term of 2026, with a potential price range between $50,000 and $250,000. The current crypto market remains in a bear market, and downside risks persist until Bitcoin stabilizes at $100,000–$105,000. Nevertheless, with increased institutional participation, decreased volatility, and its strengthened hedging properties as "digital gold," Galaxy remains firmly bullish on Bitcoin's long-term prospects.