JPMorgan Chase reiterated its long-term price target for Bitcoin at $266,000.

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According to ME News, on February 13th (UTC+8), JPMorgan analysts stated that, based on a volatility adjustment compared to gold, they have arrived at a long-term target price of $266,000 for Bitcoin. The severe winter in the US and the exit of high-cost miners from the market are the main reasons for the decline in hashrate, but signs of a hashrate rebound have been observed. Despite short-term volatility, the JPMorgan team remains positive on the crypto market in 2026, expecting institutional investors to drive market growth. (Source: ME)

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