Bitcoin Hits $120,000 As JPMorgan Lifts Year-End Target To $165,000
Posted On October 2, 2025
Bitcoin (CRYPTO: BTC) broke above $120,000 in Thursday trading as JPMorgan Chase (NASDAQ:JPM) raised its year-end price target to $165,000.
What Happened: JPMorgan analysts now project Bitcoin could climb to $165,000 by the end of 2025, citing its undervaluation compared to gold on a volatility-adjusted basis as reported by The Block.
The BTC-to-gold volatility ratio has slipped below 2.0, suggesting Bitcoin would need to rise about 42% to reach parity with private gold investment levels.
This marks a reversal from late …
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