Tom Lee's Fund Analyst: Bitcoin Could Fall to $60,000 to $65,000 and Ethereum to $1,800 to $2,000 in the First Half of 2026

BlockBeats News, December 20th, Sean Farrell, Cryptocurrency Strategy Lead at Fundstrat, Tom Lee's fund, stated in the "2026 Cryptocurrency Outlook" report, "While I believe that Bitcoin and the entire crypto market still have strong long-term bullish factors, and the liquidity-driven support is expected to emerge in 2026, we may still need to digest several risks in the first / second quarter of 2026, which may bring more attractive entry points."

My baseline assessment is: a more significant decline in the first half of 2026. Bitcoin may fall to $60,000–$65,000, Ethereum may fall to $1,800–$2,000, SOL may fall to $50–$75. These price levels will provide better opportunities for positioning before the end of the year. If this assessment proves to be wrong, I still lean towards maintaining a defensive posture, waiting for confirmation signals of a strengthening trend. Bitcoin's year-end target is around $115,000, and Ethereum's year-end target could reach $4,500.

In this framework, the relative strength of ETH will be more prominent. I believe this is reasonable because Ethereum has more favorable structural fund flow characteristics, including: no miner selling pressure, not affected by MSTR-related factors, and relatively lower concerns about quantum risk."