According to balajis, a combination of positive macroeconomic signals, increasing regulatory clarity, and strong institutional interest is setting a bullish stage for Bitcoin (BTC). A Coinbase Research report highlights an improved outlook for the second half of the year, citing stronger U.S. growth forecasts like the Atlanta Fed's GDPNow tracker at 3.8%, potential Federal Reserve rate cuts, and progress on crypto legislation such as the GENIUS and CLARITY Acts. The report suggests that while Bitcoin is well-positioned to benefit, altcoins may lag without specific catalysts like ETF approvals. Further amplifying this optimism, Matt Mena of 21Shares states that the recent softer-than-expected U.S. CPI data is a significant bullish catalyst. Mena projects that if BTC breaks the $105K-$110K range, a move toward $120K is likely, and a year-end price of $200K is now 'firmly in play'. This sentiment is supported by traders who are now pricing in two Fed rate cuts this year, reinforcing the favorable macro environment for Bitcoin.