Coinbase CEO Brian Armstrong said Bitcoin reaching $400,000 by 2030 remains a reasonable target and that he personally believes the cryptocurrency’s latest cycle bottom is already in. Bitcoin was trading near $77,000, about 39% below its October 2025 record of $126,198, leaving the market below the technical threshold that Galaxy Research identifies as an important confirmation of a durable recovery. Galaxy put Bitcoin’s 50-week moving average at $81,473 on Sept. 2 and said a weekly close above that level would strengthen the case that the bear market has ended. Bitcoin rose 25.4% in August, from $62,899 to $78,852, while U.S. spot Bitcoin ETFs drew $3.4 billion in monthly inflows. Armstrong said he expects Bitcoin to trend higher over the next one to two years as the market approaches its next halving, expected around 2028. His $400,000 projection would require Bitcoin to rise more than fivefold from around $77,000 and is more conservative than his earlier $1 million forecast for 2030.