It depends very much on the alt doesn't it? At some point someone is going to make an alt that has features retail investors and users find attractive and useful. At which point that alt will do what Facebook did to MySpace.
To see a major adoption you need to have a bigger influence in the market and if the corporate world like walmart or other retail giants come up with an alt coin that can be used for purchase and if they give offers for using them, then it will become a major hit but for that to happen they need to spend a lot of money to have a market reach.
Bakkt was always overhyped. And who knows, sometimes the market behaves differently from what the majority thinks. I still hope we see $100k for one bitcoin, though.
The hype just reflected on the market and hence the price went down after the release of Bakkt. There is nothing wrong in dreaming the price of bitcoin reaching $100k in the distant future and everyone who invested their money in bitcoin foresee a price like that.