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[Galaxy Digital Research Head Lowers Bitcoin Year-End Target Price to $120,000] Galaxy Digital Research Head Alex Thorn stated in an interview with CNBC that the optimism investors had for Bitcoin at the beginning of the year has significantly cooled, with funds flowing into areas such as artificial intelligence, nuclear energy, quantum technology, and gold. He noted that the profit opportunities in these sectors have hindered Bitcoin investment allocation. Although he remains bullish on Bitcoin in the long term, Thorn has lowered his year-end target price from $185,000 to $120,000.