Elon Musk’s Grok AI predicts that Bitcoin has already hit its bottom and forecasts a rise to $120,000 to $150,000 by the end of 2026. The current price hovers around $64,000, rebounding from the $60,000 support level that has been defended multiple times since January, after Bitcoin peaked near $128,000 in October 2025. Grok highlights the reduction in daily supply to approximately 450 BTC following the 2024 halving, with over 80% of circulating coins held by long-term holders, alongside growing institutional demand through BlackRock and Fidelity ETFs and corporate treasuries like Strategy. The AI identifies several catalysts for the second half of the year, including a potential Fed pivot toward rate cuts, CLARITY Act legislation that would open access to institutions and pension funds, and the possible creation of a U.S. Strategic Bitcoin Reserve. In a bear case scenario, the price could languish between $50,000 and $75,000 if rates remain elevated or if ETF outflows continue.
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