Bitcoin Price Forecast: $140,000 Rally Possible Due to Liquidity Inflection Point in Q1 2026

Raoul Pal, a former Goldman Sachs executive and macro investor, predicts a $140,000 Bitcoin rally due to converging macro forces and liquidity inflection points in Q1 2026. He believes the potential gap between liquidity expansion and price will close violently, leading to a higher price range. The factors contributing to his thesis include changes to bank regulations, Treasury General Account dynamics, a weakening US dollar, and expanding liquidity from China's balance sheet. According to Pal, liquidity is already improving faster than markets are pricing in, and a move to $140,000 would represent a 106% increase from current levels.