JPMorgan has turned bullish on the crypto market for 2026, citing institutional inflows and clearer regulations as key drivers for recovery. Analyst Nikolaos Panigirtzoglou noted that Bitcoin, after falling below its estimated production cost of $77,000, is nearing a new equilibrium, with miner capitulation helping the market self-correct in the medium to long term. As the U.S. moves towards more crypto legislation, including the Clarity Act, institutional investors are expected to play a major role in driving digital asset inflows in 2026.