Jamie Coutts: Bitcoin is in the late stage of a bear market, rising to $200000 to $250000 in the next two to three years

Jamie Coutts, Chief Crypto Analyst at Real Vision, stated that Bitcoin is currently in the late stages of a bear market, and while downward movements may weaken, it has not yet emerged from the bear market. BTC has fallen about 50% from its historical high of $126100 in October 2025. Coutts expects BTC to rise to $200000 to $250000 in the next two to three years, remains cautious about reaching $1 million by 2030, and reminds the Bitcoin community to address the threat of quantum computing before 2027.