"The prevailing view" is the view shared by most (or all) of the people in a given group. It means, in essence, the same as "the most commonly accepted view."
This group can be anything from the experts of a field of science to an entire nation or culture, but it usually involves a large number of people. However, prevailing views are not objective truths, and they do admit other possibilities. The expression can be used to describe various things from political or philosophical trends to the most likely historical scenariOS, for instance.
There are many other similar expressions; one can speak of "the prevailing political climate," or "the prevailing opinion," etc.
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