The Bitcoin market has recently shown a remarkable rise, with prices skyrocketing from $117,000 to $121,000 in just a few days. This surge is not solely driven by retail investors, but rather a result of institutional investors and favourable information from policies working together.

Currently, multiple favourable information factors are driving the Bitcoin market to higher levels. The comprehensive opening of the 401(k) retirement plan fund pool for Bitcoin investment has injected new vitality into the market. At the same time, the implementation of stablecoin-related legislation, as well as the loosening of the regulatory stance by the U.S. Securities and Exchange Commission (SEC), has created a more favorable institutional environment for the development of Bitcoin. These changes mark the first time that Bitcoin has received clear recognition and support at the institutional level.

Market analysts generally believe that Bitcoin is expected to reach a target price of $170,000 by the end of the year. This prediction is not unfounded, but rather based on a comprehensive analysis of current market trends and various favourable information.

However, investors still need to be cautious and closely monitor market trends. Although the outlook is promising, the high volatility of the cryptocurrency market still exists. It is recommended that investors comprehensively assess risks and allocate assets reasonably when making decisions.

As the institutional environment continues to improve and market recognition increases, Bitcoin is gradually maturing. Regardless of whether it can ultimately reach the expected high point of $170,000, Bitcoin's position in the global financial system cannot be ignored. In the future, we may witness cryptocurrencies playing a role in a broader financial domain.