[Tiger Research Predicts Bitcoin Q3 Target Price of $190,000, Short-Term Pullback Possible] Tiger Research has released its Bitcoin valuation report for Q3 2025, forecasting a target price of $190,000, representing a 67% upside from current levels. The report highlights key drivers such as accelerated institutional adoption of Bitcoin, global liquidity reaching historic highs, and the opening of U.S. 401(k) retirement accounts to Bitcoin investments. Additionally, institutional holdings continue to increase, with ETFs now holding 1.3 million BTC, accounting for approximately 6% of total supply. Although on-chain metrics indicate a potential short-term pullback, institutional buying provides strong price support, and the long-term trend remains positive. Related Reading: Target Price of $190,000 – Bitcoin Valuation Report for Q3 2025