Tom Lee's fund analyst predicts that Bitcoin may fall to $60,000 to $65,000 and Ethereum to $1,800 to $2,000 in the first half of 2026.

According to ChainCatcher, Sean Farrell, Head of Crypto Strategy at Fundstrat, Tom Lee's fund, stated in his "2026 Crypto Outlook" report, "While I believe Bitcoin and the overall crypto market still have strong long-term upside potential, and liquidity-driven support is expected in 2026, we may still need to digest some risks in the first/second quarter of 2026, which could present more attractive entry points. My baseline assessment is a significant drop in the first half of 2026. Bitcoin could fall to $60,000–$65,000, Ethereum to $1,800–$2,000, and SOL to $50–$75. These price levels will provide good opportunities for positioning before the end of the year. If this assessment proves wrong, I still prefer to maintain a defensive stance and wait for confirmation signals of a strengthening trend. The year-end target for Bitcoin is approximately $115,000, and the year-end target for Ethereum could reach $4,500. Within this framework, ETH..." Ethereum's relative strength will become even more pronounced. I believe this is reasonable because Ethereum possesses more favorable structural liquidity characteristics, including: the absence of miner selling pressure, immunity to MSTR-related factors, and relatively lower concerns about quantum risk.