Bitcoin's potential to reach a valuation of $143,000 remains intact despite recent market fluctuations and macroeconomic challenges. The global M2 money supply hit a record $13.44 trillion, and Bitcoin ETFs experienced net inflows for the first time in 14 months, signaling renewed institutional interest. However, geopolitical tensions, particularly the Iran conflict, have impacted oil prices and inflation, complicating the Federal Reserve's rate cut trajectory. On-chain metrics indicate Bitcoin is transitioning from undervalued to early equilibrium, with key indicators moving out of the panic zone. The current price of $70,500 is 13% below the average entry cost of long-term holders, suggesting a potential short-term trend reversal if prices break above $78,000. Institutional cash flow is reversing, with Bitcoin spot ETFs seeing positive net inflows and corporate accumulation accelerating, supporting the long-term bullish outlook. Despite a downward revision of the Q2 target price from $185,500 to $143,000, the upside potential has increased due to macroeconomic adjustments. The macro trend and on-chain structure continue to support a long-term bull market, contingent on breaking key resistance levels and sustained institutional inflows.