According to online reports, Bitwise chief investment officer Matt Hougan said that Bitwise maintains its 2025 target price of US$200,000, but is not very confident that ETH and SOL can hit new highs this year. Matt Hougan and Research Director Ryan Rasmussen said in a note to clients: "Cryptocurrency asset prices have been mixed this year, thanks to strong inflows of ETFs, growing demand from Bitcoin money managers and the establishment of potential U.S. strategic Bitcoin reserves, Bitcoin prices hit a record high in May. But both Ethereum and Solana have fallen so far this year, and macro risks are preventing the bull market from accelerating."