Ex-Goldman Sachs Insider Forecasts $140,000 Bitcoin Rally— Here’s Why

Raoul Pal, a former Goldman Sachs executive and macro investor, suggests Bitcoin is currently undervalued relative to global liquidity, predicting a sharp price increase if this gap closes violently, potentially reaching $140,000.

Pal's thesis centers on a potential liquidity inflection point around Q1 2026, driven by several macro factors: changes to bank regulations like ESLR allowing greater government debt absorption, drawdown of the Treasury General Account (TGA) injecting liquidity, a weakening US dollar, and expanding liquidity from China. He estimates that aligning with current liquidity conditions would place Bitcoin near $140,000.

Furthermore, Pal points to forward-looking business cycle indicators like the ISM suggesting an improving growth environment supported by fiscal stimulus and potential mortgage rate relief. He attributes Bitcoin's recent lagging performance to the structural damage from the October 10 liquidation cascade and sustained upside suppression from $100,000 call-selling, but believes this overhang is fading, setting the stage for the final, liquidity-driven acceleration phase he calls the "Banana Zone."

(Source：BeInCrypto)