Goldman Sachs, Schwab link institutional crypto adoption to US market structure bill passage by mid-2026
Goldman Sachs analysts led by James Yaro wrote on Jan. 10 that improving regulation is a key driver for institutional crypto adoption, with the pending US market structure bill in Congress seen as a critical catalyst that needs to pass by mid-2026 before November midterm elections could slow the process. Schwab Center for Financial Research director Jim Ferraioli said institutional adoption could decelerate in early 2026 after heavy selling in late 2025, but passage of the Clarity Act might accelerate entry by institutional investors. Bitdeer chief economist Youwei Yang projected Bitcoin could reach $225,000 in 2026 while warning that macroeconomic and geopolitical uncertainty could increase volatility.