Tom Lee, Chairman of BitMine and Managing Partner of Fundstrat, has taken a very bullish stance regarding the cryptocurrency market, particularly Bitcoin and Ethereum. Most recently, Fundstrat’s managing partner revived a $62,000 target call for 2026 Ethereum price.
However, Lee and his investment firm appear to be out of sync in terms of market expectations for next year. Fundstrat appears to be looking at more bearish setups for most large digital assets for 2026, including Bitcoin, Ethereum, and Solana.
$60,000 is the target, but it is not suitable for Ethereum.
Fundstrat released its 2026 Cryptocurrency Strategy Report, warning internal clients of potential market headwinds in early 2026, according to a screenshot posted on social media platform X. However, the report’s title also suggested that Bitcoin, Ethereum, and Solana could enjoy significant growth in the second half of next year.
Sean Farrell, head of digital asset strategy at Fundstrat, expects the cryptocurrency market to decline significantly in the first half of 2026. The study set a target of Bitcoin price between $60,000 and $65,000, Ethereum price between $1,800 and $2,000, and Solana price between $50 and $75.
Farrell wrote in his report:
These levels will provide attractive opportunities until the end of the year. Even if this view turns out to be wrong, I still prefer to be on the defensive and wait until the forces are clear.
This circular report contrasts with the forecasts of Tom Lee, Fundstrat’s Chief Investment Officer. In an interview with Binance Blockchain Week attendees earlier this month, Lee said that as Ethereum becomes a core infrastructure for tokenized finance, its price could rise up to $62,000.
At Korea Blockchain Week last September, Lee said Bitcoin’s price could rise to $250,000 by the end of the year and Ethereum’s value could rise to $12,000. The basis for this forecast centers around macro tailwinds and increased institutional interest in cryptocurrency assets.
Now, while the Fundstrat internal document has not been verified by as of press time, Wu Blockchain, an outlet led by Colin Wu, has confirmed that the document was indeed distributed to internal clients.
Bitcoin and Ethereum prices at a glance
As of this writing, Bitcoin, the world’s largest cryptocurrency by market capitalization, is worth about $88,180 and has not moved much over the past 24 hours. Meanwhile, the price of ETH is around $2,980.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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