Google Gemini AI predicts Bitcoin will trade between $95,000 and $125,000 by the end of 2026, with a base-case price target of $110,000. A hawkish speech from Federal Reserve Governor Kevin Warsh at Jackson Hole triggered a $6.4 billion options expiration and pushed Bitcoin near $79,000. The key support and invalidation level sits at $68,000. Post-halving hash rates at record highs and institutional demand through spot ETFs should absorb macro headwinds once policy expectations stabilize. The main risk remains persistently high PCE inflation forcing sustained central bank tightening.
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