Two hikers who were found unresponsive near a remote alpine hut likely died from hypothermia after being caught in blizzard conditions.

Police recovered the bodies of two women who were discovered by a pair of hikers near Cleve Cole Hut about 12.50pm on Friday.

The hikers alerted search crews, who travelled to the remote location northeast of the popular Falls Creek ski resort in Victoria's alpine region.

Inspector Paul Hargreaves said the conditions were "exceptionally hard", noting the weather could quickly turn "dangerous and unfavourable".

"The weather in the last two to three days has been down as low as minus 2.8 degrees, winds up around 83 kilometres an hour and snow falling," he told reporters on Saturday.

"It's likely the two people have succumbed to the weather conditions, c

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