Fund analyst under Tom Lee: Bitcoin may drop to $60,000 to $65,000 in the first half of 2026, Ethereum may fall to $1,800 to $2,000

BlockBeats News, December 20 — Sean Farrell, Head of Cryptocurrency Strategy at Fundstrat, a fund under Tom Lee, stated in the “2026 Cryptocurrency Outlook” report, “Although I believe Bitcoin and the entire crypto market still have strong bullish factors in the long term, supported by liquidity-driven factors that are expected to emerge in 2026, we may still need to digest several risks in the first and second quarters of 2026. These risks could present more attractive entry points. My baseline judgment is that there will be a noticeable decline in the first half of 2026. Bitcoin may fall to $60,000–$65,000, Ethereum may drop to $1,800–$2,000, and SOL may decline to $50–$75. These levels will provide good opportunities for positioning before the end of the year. If this judgment proves to be wrong, I still prefer to maintain a defensive stance and wait for confirmation signals of a trend reversal. The year-end target for Bitcoin is approximately $115,000, and Ethereum’s year-end target may reach $4,500. Within this framework, ETH’s relative strength will be even more prominent. I believe this is reasonable because Ethereum has more favorable structural capital flow characteristics, including: no miner sell pressure, unaffected by MSTR-related factors, and relatively lower concerns about quantum risks.”