Alex Thorn, head of research at Galaxy Digital, has revised his year-end price target for Bitcoin from $185,000 to $120,000, citing a shift in investor focus. In an interview with CNBC, Thorn noted that early-year optimism for Bitcoin has waned as investors explore opportunities in artificial intelligence, nuclear energy, quantum technology, and gold. Despite the current trend, Thorn remains optimistic about Bitcoin's long-term prospects, suggesting the cryptocurrency could regain momentum soon.