Bitwise Stands Firm on $200K BTC, Sceptical on ETH & SOL

Bitwise reaffirms $200K BTC by end‑2025, but downgrades Ethereum to ~$4.5K and Solana to ~$250 amid slower momentum.

Aurelien Sage July 2, 2025 - 2:00 AM

Bitcoin 2025 forecast showing $200K target, Ethereum and Solana with downgraded projections

Market

Bitwise reaffirms $200K Bitcoin target for end‑2025.
Ethereum forecast cut from $7K to ~$4.5K; Solana from $750 to ~$250.
Macro uncertainty limits ETH/SOL upside despite long‑term cycle optimism.

Institutional asset manager Bitwise has doubled down on its bold prediction that Bitcoin will hit $200,000 by the end of 2025. This confidence comes amid growing concerns over the weakening U.S. dollar. As the dollar’s value declines due to rising trade tensions and economic policy shifts, Bitcoin is seen as a resilient hedge and an alternative store of value.

Matt Hougan, Chief Investment Officer at Bitwise, emphasized that global trust in the dollar is eroding. As a result, more institutions are expected to diversify their reserves into assets like Bitcoin and gold. This anticipated shift away from a dollar-dominated system could fuel Bitcoin’s climb to new heights.

Ethereum and Solana: Targets Revised

While the firm remains bullish on Bitcoin, it has revised its outlook for Ethereum and Solana. Ethereum’s target has been adjusted downward from $7,000 to approximately $4,500, and Solana’s from $750 to around $250.

Bitwise attributes these changes to a mix of macroeconomic headwinds and reduced investor enthusiasm. Slower growth in retail participation and concerns about Ethereum’s momentum, particularly in areas like Layer-2 scalability and institutional adoption, played a role in the downgrade.

For Solana, the limited emergence of large-scale DeFi applications and network concerns have tempered earlier optimism. Despite the setback, Bitwise still believes in the long-term potential of both networks but does not expect them to set new all-time highs by the end of 2025.

🚨 JUST IN: Bitwise doubles down on $200K $BTC target for 2025 but casts doubt on new highs for $ETH and $SOL. pic.twitter.com/45ojQaLN6h
— Cointelegraph (@Cointelegraph) July 1, 2025

What This Means for Investors

The revised predictions signal a more cautious short-term stance on altcoins while remaining firmly bullish on Bitcoin. Bitwise also notes that the crypto bull cycle could stretch into early 2026, offering potential for price recoveries beyond 2025.

In the meantime, investors are advised to monitor macro trends, institutional behavior, and blockchain development activity to gauge the future direction of the market.

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