I think 128Gb is more than feasible, it's more or less reliant on the PC and other markets that rely on the technology for higher capacities to make it feasible from a cost perspective.
There is a shift to 16Gb occuring in the PC space now that 8Gb is the majority amount in a gaming PC.
Samsung, Hynix have already shown-off 128Gb DDR4 memory sticks. (Allowing for 1Tb of Ram in a 2x Quad-Channel configuration on the desktop! *DROOL*)
I beleive that there is going to be a bit of a jump in capacities and densities once mainstream PC's switch to DDR4 and GDDR6, by the time the PS5 rolls around there should be a push for DDR5 and GDDR7 or some other standards.
I just won't start saying it's "Impossible" for the next gen to have 128Gb when, I'm already rolling around with 64Gb DDR3, today, potentially 1Tb of DDR4 in a year or two's time. (I'm just waiting on the right coloured motherboard and ram, to fit my builds theme.)
However, it will also cement the need for higher speed internet and the removal of last century optical and mechanical discs, otherwise you *will* be waiting forever and a day for a games assets to be loaded into memory.
Interesting to see if NAND evolves to a point where it will supplant such technologies in the next generation.