Wall Street’s Gold Skepticism Deepens Despite Soaring $5,000 Price Targets

Traditional finance giants remain stubbornly bearish on gold even as analysts increasingly pencil in $5,000 targets.

The Great Disconnect

While gold quietly builds momentum toward record-breaking valuations, institutional investors cling to outdated skepticism. They're missing the fundamental shift happening right under their noses.

Digital Gold Outperforms

Meanwhile, Bitcoin and major cryptocurrencies continue demonstrating why they're becoming the preferred store of value for forward-thinking investors. The contrast couldn't be sharper.

Wall Street's traditional gold aversion feels increasingly like watching Blockbuster dismiss Netflix - another case of established players failing to recognize paradigm shifts until it's too late.

Wall Street’s Dubious Stance About Gold

As per the latest post by the Kobeissi Letter, Wall Street is still skeptical about gold’s soaring prices. A new post by KL states how only 5% of global fund managers believe that gold will hit $5000 by the end of 2026.

In addition to this, nearly 36% of managers think that gold may trade in the $4000 to $5000 price range. Moreover, 27% of the global fund managers believe gold may hit $4500 to $5000 price levels.

Despite the bullish gold price rally that has stunned global markets, nearly 34% fund managers are still dubious about gold, stating that they think gold will not touch the $5k mark. On the contrary, their opinion tilts towards gold trading between the gold $3500 and $4000 price range, failing to hit $5K in the NEAR future. At the same time, 39% of these managers do not own any gold, making their reluctant stance known to the world.

Professional investors can only ignore gold for so long:

Only 5% of global fund managers believe gold prices will exceed $5,000 by the end of 2026.

34% expect gold to trade in the $4,000 to $4,500 range, while 27% think prices will reach $4,500 to $5,000 per ounce.

On the… pic.twitter.com/yIGAnIRcK7

Technical Analysis: The Latest Chart Development

As per Rashad Hajiyev, a leading financial expert, gold is already showing signs of a breakout, walking on a path that helps the asset explore the $5K price range.

Since gold's bull run started in October 2023, it had 4 major consolidation and present one being 5th. Upon breakout, rallies lasted 41 – 119 – 105 – 49 days or on average 78 days. If gold breaks out in December 2025, the run to $5k could be achieved anytime from February to… pic.twitter.com/KWnwzYY9Pa