Is Bitcoin entering a "slow upward" phase? Institutional funds may be the key support

【CoinPush】The next ten years for Bitcoin probably won’t see the kind of crazy double-digit returns in a single year. Bitwise’s investment head Hougan recently expressed the view that Bitcoin is more likely to follow a “long-term slow upward trend” in the future. Although volatility will be relatively mild, cyclical adjustments are still inevitable. Behind this change is the continuous and steady influx of institutional funds, providing relatively stable support for the price.

Of course, there are optimists, and others who remain cautious. Sebastian Beau, the investment head of ReserveOne, pointed out that the debate over whether Bitcoin’s four-year cycle has truly ended is still ongoing in the market. Currently, the price has dropped about 30% from its high, but compared to history, it hasn’t reached the deep correction level of over 60% seen before. Trader Peter Brandt is more pessimistic, predicting that Bitcoin may test the $60,000 support level in Q3 2026.

Hougan also mentioned another perspective — the marginal contribution of the Trump administration to Bitcoin’s price is actually limited. Regulators have already clearly defined Bitcoin’s “commodity attributes,” making future policies less likely to be the main driver of price increases. However, he also maintains an overall bullish outlook for Bitcoin in 2026, believing there is still room for growth.