Bitwise Chief Investment Officer (CIO) Matt Hougan remains optimistic about Bitcoin's potential. In a recent CNBC interview, Hougan stated that the intense selling pressure from retail investors is likely nearing its end, suggesting a bottom for BTC is imminent. Despite recent market volatility, Hougan emphasized the continued strong interest from institutional investors, noting ongoing inflows into Bitcoin ETFs. He maintains a positive outlook for Bitcoin's year-end performance. Hougan projects that Bitcoin could still reach between $125,000 and $130,000 by the end of the year. While acknowledging the possibility of exceeding $150,000, he indicated that achieving this higher target remains uncertain. His analysis underscores the ongoing institutional adoption and potential for significant price appreciation in the coming months. ```