Galaxy Research's Alex Thorn forecasts Bitcoin could exceed $150,000 early in 2025 and potentially reach $185,000 by year-end, driven by wider government and corporate adoption. The research firm expects Bitcoin to outperform traditional assets like the S&P 500 and gold as it gains recognition as a reliable asset class. For Ethereum, Thorn predicts ETH will surpass $5,500 due to easing regulatory challenges and deeper collaboration between DeFi and traditional finance. The predictions come as institutional engagement reaches new heights following the introduction of Bitcoin ETFs.