- Fundstrat reportedly projects a significant decline in major cryptocurrencies in early 2026.
- Bitcoin could fall to $60,000–$65,000, Ether to $1,800–$2,000, and Solana to $50–$75 before potential buying opportunities.
- Tom Lee, managing partner at Fundstrat, recently stated a bullish outlook, calling Ether undervalued and Bitcoin potentially reaching $250,000.
- Lee’s firm BitMine has increased Ether holdings to nearly 3.9 million ETH, representing over 3.2% of its total supply.
A report circulated internally at Fundstrat Global Advisors outlines a bearish cryptocurrency outlook for 2026. According to screenshots shared on X, the document forecasts a “meaningful drawdown” in the first half of the year. It predicts Bitcoin (BTC) could decline to between $60,000 and $65,000, Ether (ETH) to $1,800–$2,000, and Solana (SOL) to $50–$75 before possible buying chances emerge later in 2026. The report was written by Sean Farrell, head of digital asset strategy at the firm, and reportedly distributed to internal clients. Its authenticity has not been independently confirmed.
These projections contrast sharply with recent public comments by Tom Lee, who is a managing partner and head of research at Fundstrat. During Binance Blockchain Week in Dubai, Lee stated that Bitcoin might reach $250,000 within months. He described Ether at around $3,000 as “grossly undervalued.” Lee explained that if Ether returned to its eight-year average price ratio against Bitcoin, its value could approach $12,000. A revisit to levels seen in 2021 could point to prices near $22,000, while an ETH/BTC ratio of 0.25 might imply valuations above $60,000, according to his statements posted on X.
In November, Lee mentioned that Ether is beginning a trajectory similar to Bitcoin’s past exponential growth since 2017, suggesting a potential “Supercycle.” Meanwhile, Lee’s company BitMine has significantly increased its Ether holdings despite a weakening market. A disclosure dated December 8 shows BitMine held nearly 3.9 million ETH as of December 7, acquiring more than 138,000 ETH within a single week. This amount now represents over 3.2% of Ether’s total supply.
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