While I agree that FF7R could have a disadvantage compared to those titles, let's remember that GOTY 2017 was Zelda Breath of The Wild, a Switch Exclusive, and GOTY 2018 was God Of War, a PS4 exclusive. We tend to think that Final Fantasy is very niche, but it still sells a LOT, and everybody talks about it when one comes out.
Here's the thing: I thought TLOU2 and CP77 were the big rivals of FF7R but if you followed those TLOU2 leaks this week, people are PRETTY upset, way more than us FF fans with the Remake's ending. The backlash could potentially costs them GOTY.
And now I also wonder: What if Cyberpunk 2077 is not good? It's a very risky game to make and right now it seems that CDP Red is not very confident with the quality of their game, delaying it, changing from 3rd person to 1st person exclusively. I would not be surprised if that game with its ambitious open world cyberpunk city turns out to be a mess!
FF7R is not perfect by any means, but it's an incredible experience with it's story telling, character animations, music, combat system and most importantly world building. They could totally win AT least something with it if not GOTY