Bitcoin's price in 2026 may experience a key breakthrough. After the 2024 halving, supply tightens, coupled with increasing institutional allocation demand and continuous inflows into spot ETFs, reinforcing the long-term bullish logic. If the macro environment warms (such as the Federal Reserve cutting interest rates), or the technological ecosystem improves, it could challenge historical highs. Market consensus generally expects prices to rise to $100,000-$300,000, with an extremely optimistic scenario potentially exceeding $400,000. However, caution is needed regarding risks such as tightening regulations and liquidity fluctuations, as prices remain uncertain.