On one hand, they are earnings tons of money from brand deals and photoshoots alone and YG seems to let them have a lot of freedom when it comes to their personal lives. Jennie, Lisa, and Rosé also said some things hinting at renewal in their Rolling Stone interview
On the other, YG's treatment of BP is not at all giving "this is our biggest act right now and we want to keep them and their fans happy so we continue to make money." Music-wise, they are prioritizing their boy groups again with Winner getting a July comeback and Treasure also announced to have another release in the summer with zero update on BP as per usual. The songs are recorded for Bp - we know that, all that's left is MV filming and a date, both of which are up to YG's control completely. Even aside from music, the way they handle BP's solo schedules is also a mess to the point where global brands have had to call out the stupidity. It really seems like YG called up Bulgari at the very last possible second to tell them Lisa was coming to this recent event - I'm sure they had to move things around because YG's incompetence. They really seem like they don't care about BP at all, which goes along with the theory that YG already knows they won't (at least all of them, looking at Lisoo) won't re-sign