Fundstrat analyst: The crypto market may experience a significant decline in the first half of next year, with bitcoin possibly falling to $60,000–$65,000

According to Odaily, Sean Farrell, Head of Crypto Strategy at Tom Lee’s Fundstrat, stated in the “2026 Crypto Outlook” report: “Although I believe that bitcoin and the entire crypto market still have strong long-term bullish factors, and liquidity-driven support is likely to emerge in 2026, there may still be several risks to digest in the first and second quarters of 2026, which could provide more attractive entry points. My base case is: a relatively significant decline in the first half of 2026, with bitcoin possibly dropping to $60,000–$65,000, ethereum possibly dropping to $1,800–$2,000, and SOL possibly dropping to $50–$75. These price levels will offer good opportunities for positioning before the end of the year. If this judgment proves to be wrong, I would still prefer to maintain a defensive stance and wait for confirmation signals of a strengthening trend. The year-end target for bitcoin is around $115,000, and ethereum’s year-end target could reach $4,500. Within this framework, ETH’s relative strength will become even more prominent. I think this is reasonable, as ethereum has more favorable structural capital flow characteristics, including: no miner selling pressure, not being affected by MSTR-related factors, and relatively lower concerns about quantum risks.”