Yes, a first round pick is worth a lot. How good of a 1st round it is though depends on how well we do this year and what seed we end up finishing in. If Bedard is the prize, then top 3 protecting it makes landing Bedard unlikely. If we end up in the 20th seed overall, then they get a 12th round pick (yes, this was rather random, but just tying to illustrate). The Yotes will still draft a good player if this were the case, but not a franchise player. If we end up finishing higher than that, the pick might not even be in the top half of the 1st round.
I have no idea what will happen ultimately, and I'm just guessing like everyone else. I can see why we are optimistic given this offseason's results and what's happened in the previous five years (or so). I'm just wondering if we aren't a little too optimistic at this point. I hope my more conservative and reserved ideas are totally wrong. In this case, it would be good to be wrong.