Goldman Sachs Research anticipates three interest rate cuts by the US Federal Reserve, targeting a terminal rate of 3–3.25% by June 2026. The investment bank expects the first cut in December 2025, followed by two more in March and June 2026. These anticipated reductions could enhance liquidity in financial markets, potentially driving up cryptocurrency prices as investors look for higher returns. Additionally, lower rates might weaken the US dollar, increasing the appeal of Bitcoin and other digital assets as a store of value.