This is just a feeling but based on previous trends and how the top of the draft is shaping up, I think there's a very decent (see more than 50%) chance that Michkov is there at 5.
Bedard is 1st. Fantilli is 2nd barring any major earth-shattering surprise. In the 3rd spot, if an NHL GM is torn between Carlsson and Michkov, they realistically go Carlsson 8/10 times due to size, and the "uncertainty". Now, at 4, Michkov is definitely the best player available. However, Will Smith and Zach Benson could easily be argued as more valuable picks when factoring in "safety". They're still producing at a pace which normally solidifies a top-3 ranking, which would make a GM feel somewhat comfortable picking them before Michkov.
This train of thought would be stupid and probably a huge mistake, but I can easily see a majority of GMs going that route. For them, picking a 1st liner with less apparent risk is more palatable than picking a potential star with uncertainty.
Let's just hope we're not the ones making that mistake.