google.com, pub-9033162296901746, DIRECT, f08c47fec0942fa0
23 C
New York
Thursday, April 16, 2026

Goldman Sachs enters the race for Bitcoin funds: will the price reach $90,000?

The price of Bitcoin (BTC) is once again approaching the close of today’s session at the $75,000 level, coinciding with the shift in price expectations to the upside following Goldman Sachs’ submission of an application to the US Securities and Exchange Commission (SEC) to launch the ‘Bitcoin Premium Income ETF’, which is the bank’s first such fund linked to the leading cryptocurrency. For seasoned investors in the cryptocurrency market, strong conviction can push Bitcoin back to all-time highs.

Yesterday’s application proposes to invest at least 80% of the fund’s net assets in bitcoin-related instruments, including spot bitcoin funds, with a covered call option of between 40% and 100% of the cryptocurrency exposure with the aim of generating additional income.

The move comes just a week after Morgan Stanley launched its “Bitcoin Trust,” intensifying the race among Wall Street executives to capture a share of the crypto market. Goldman Sachs already has $2.36 billion in assets in Bitcoin and Ethereum funds, in addition to $152 million in XRP funds, according to reports late last year.

At the same time, the International Monetary Fund has warned that global public debt is on track to reach 100% of global GDP by 2029, a macroeconomic backdrop that could reinforce the narrative that Bitcoin is a “strong currency” and a safe haven.

Bitcoin Price Prediction: Will We See $90,000 Soon?

Bitcoin has maintained a price range of $65,000 to $75,000 despite several tests during the first quarter of 2026, forming what Goldman Sachs analyst James Yarrow described as a reliable bottom structure. Yarrow pointed out that the selling pressures that began since October 2025 have eased significantly, open interest is low, and funding rates have turned negative, conditions that typically precede an upward trend reversal.

According to Vitel Lundy of K33 Research, the supply held by long-term investors has reached 69% of the total Bitcoin in circulation, indicating continued accumulation.

As for price analysis, immediate resistance lies at $76,000; A clean break from this level opens the way towards $78,500, with a subsequent price ceiling around $79,000. Reclaiming the $76,000 level with heavy trading volume would represent the first high since breaking the all-time high, indicating a major structural shift, especially as the “cup and handle” pattern comes to an end.

ETF inflows have turned slightly positive since late February 2026, providing further support to demand.

On the other hand, a former Goldman Sachs executive publicly predicted the price would reach $140,000, which is a lofty ambition given the current price, but not structurally impossible if institutional demand surprises the markets. The resistance level at $80,000 remains the decisive intermediate hurdle before talk of a price reaching $90,000 becomes realistic.

Bitcoin Hyper aims for exceptional growth with key levels exceeded

Bitcoin at $74,000 may seem like a good opportunity, until you start doing the market cap calculations; Reaching $150,000 means doubling the capital of an asset whose market value is already $1.4 trillion. So early bets on the infrastructure of the Bitcoin ecosystem offer a different risk-reward profile, and that’s exactly what some traders are now turning to.

Project Highlights Bitcoin Hyper ($HYPER) As the first layer 2 of Bitcoin to integrate with the Solana Virtual Machine (SVM), it promises higher transaction speeds than Solana itself while building on Bitcoin’s security model.

The project directly addresses Bitcoin’s three main limitations: slow transactions, high fees, and lack of programmable smart contracts. The project includes a decentralized canonical bridge for original Bitcoin transfers and lightning-fast transaction execution.

The pre-sale of the project managed to collect $32 million The current price of the token is $0.0136with staking rewards available for early entrants.

For traders looking for more in-depth details, you can search for the Bitcoin Hyper project here. The project has already attracted attention as Bitcoin hits major price milestones.

The post Goldman Sachs enters the Bitcoin fund race: will the price reach $90,000? appeared first on Cryptonews Arabic.

Related Articles

Latest Articles