When it rises, they are bullish; when it falls, they are bearish. You really can't take these institutions seriously.

JPMorgan: The potential for Bitcoin to rise in the second half of 2025 may exceed that of gold.
JPMorgan analysts said that although gold still has room to rise in the second half of 2025, bitcoin may perform more strongly, and the price of bitcoin could be pushed higher as companies buy bitcoin and support for cryptocurrencies in US states increases. In contrast, gold's rally has largely benefited from continued buying by central banks and investors, with an average price of $3,675/oz expected in Q4 2025 and possibly topping US$4,000/oz in Q2 2026. However, JPMorgan Chase & Co. believes that bitcoin has more upside potential, especially in the current macroeconomic environment, where investors' confidence in the dollar has weakened and they are looking for alternative assets to hedge their risks. $XRP
{future}(XRPUSDT)