Goldman Sachs Pins $4k Price Target for Bitcoin
Goldman Sachs analyst, Sheba Jafari - head of technical strategy has given a price target of $4000 for bitcoin although they still believe it is in a corrective phase with a drop of 25% on the cards.
"From current levels, this has a minimum target that goes out to 3,212 (if equal to the length of wave I)," Jafari wrote. "There’s potential to extend as far as 3,915 (if 1.618 times the length of wave I). It just might take time to get there."
Expect them to do this a lot, because they have an investment in Bitcoin themselves. I wouldn't take them too seriously though, they most likely have no fucking clue how Bitcoin even works.