Fact of the matter is, while the Pats need a WR1, they also kinda needed a WR2. Boutte and Williams could be those guys, but they have not proven it yet. Doubs IS that guy, and they got him right at or maybe even a little below market rate for that type of player on a fairly long contract at 4 years. Hollins was that guy in 2025, but he's getting pretty old, and you can't count on him to keep it up. This lets Hollins take a more natural role as a substitutional player, and lets Boutte and Williams find their natural place without the team being screwed if they don't take a step in 2026.
Having said that, they still need that elite top player, but they can still be functional in the absence of that player if the run game is solid and the OL is blocking well, which we should expect will be better w/ the additions of AVT and Gilliam as well as Wilson moving to center. I expect that if they do not trade for another WR, they will draft one.