Bitcoin's anticipated surge to price targets above $100,000 in 2025 has not materialized, with the cryptocurrency trading around $88,000, down 6% year-to-date. Major institutions including BlackRock, Bernstein, Standard Chartered, Bitwise, Fundstrat, and ARK Investment Management have revised or moderated their bullish forecasts. These adjustments reflect tempered optimism amid market challenges, leading some to lower both short- and long-term price expectations.