Is there any plausible scenario where the number of bitcoin users and transactions continues to grow exponentially but somehow the price of bitcoin stabilizes to a specific range and doesn't fluctuate much? As in we get 100 times more users and transactions but the price remains around what it is today?
For the first point of your question yes, bitcoin can stabilize like not fluctuate much but it will be only for short time. The example you talk about won't happen, if btc translation increase plus more people adopt it then price is gonna increase it won't stay what it's now.