Most crypto funds believe Bitcoin has not yet bottomed out, and the true bottom will appear between the end of Q3 and the beginning of Q4 this year.

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Deep Tide TechFlow News, June 15th, according to The Block, multiple cryptocurrency funds are cautious about Bitcoin's future prospects. Finality Capital partner David Grider stated that Bitcoin is currently in the mid-to-late decline phase of this market cycle, with the true bottom expected to appear between the end of Q3 and the beginning of Q4 this year, with a bottom range of approximately $45,000 to $55,000, and potentially rebounding to $65,000 to $75,000 by the end of the year.

Digital Asset Capital Management Executive Chairman Richard Galvin holds a "relatively neutral" stance on Bitcoin for the next 12 months, with its directional funds currently holding the highest cash ratio, and Bitcoin allocation dropping to the lowest level since 2022.

Pantera Capital General Partner Cosmo Jiang pointed out that the four-year Bitcoin cycle may extend the bear market by several months, but the market is becoming more rational, with prices increasingly reflecting fundamentals.

Hypersphere Ventures founder Jack Platts estimates that Bitcoin's baseline price by the end of the year will be around $55,000, potentially dropping to $40,000 in a bear market scenario, and reaching $80,000 in a bull market scenario.

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