Google's Gemini AI Targets $130K–$150K Bitcoin by End of 2026 — and Calls It a Structural Re-Rating, Not a Blowoff Top

Google's Gemini AI has put a $130,000 to $150,000 price target on Bitcoin by the end of 2026, and the framing is what separates it from the crowded field of six-figure calls. Gemini is not calling a cycle peak — it is arguing that Bitcoin is in the middle of a maturity re-rating, decoupling from the volatile four-year halving rhythm and repricing as a legitimate digital gold alternative.

The mechanics behind the thesis are already in motion: spot ETF inflows are compounding month over month, corporate balance sheet adoption has crossed 70 public companies and is accelerating, and circulating supply is becoming structurally illiquid as long-term holders and ETF custodians lock coins out of the market. Gemini's argument is that those three forces together create a demand-supply imbalance that resolves not with a quick pump, but with a sustained repricing toward a new equilibrium.

The…