The analyst presents a fundamental analysis of Bitcoin, suggesting a potentially contrarian view to the current market sentiment. He references comments from key figures and identifies countries and institutions buying bitcoin such as BlackRock. He quotes Tom Lee. that despite the crash, Bitcoin's target for the end of the year is in the $150K-$200K range. He acknowledges the recent downturn from $123,000 down to $103,000, also citing comments that highlight there has been a massive sell off. The analysis is based on factors such as global adoption, influence and potential market manipulation. Glassnode figures show Bitcoin being sold off between $58k and $93k and then new long term holders buying and selling, with the end result that Bitcoin ends the year consolidating, and the analyst believes that Bitcoin stable coin volumes have exploded. In view of the factors, the inferred analysis is that fundamentally the Bitcoin price target should be $140000 and the fail bound is $86000.