Tom Lee: Analysts who previously identified “$60,000 as Bitcoin’s bottom” believe one more dip will mark the final bottom.
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Tom Lee: Analysts who previously identified “$60,000 as Bitcoin’s bottom” believe one more dip will mark the final bottom.
According to Tom Lee, co-founder of Fundstrat and chairman of Bitmine, in an interview with Decrypt, the market is likely very close to its bottom, as current market sentiment is extremely poor and price action remains weak. Tom Demar, Fundstrat’s analytical advisor, has been forecasting since November last year that BTC would decline toward $60,000; he initially believed ETH’s bottom would be around $2,400, but if that level fails to hold, ETH could bottom near $1,890. He believes only one more downward move is needed before reaching the ultimate low—meaning the downtrend is now nearing its end. Earlier, Fundstrat stated in its 2026 cryptocurrency strategy memo for internal clients that the market would experience a relatively deep correction in the first half of the year, with BTC’s target range set at $60,000–$65,000; ETH’s target range at $1,800–$2,000; and SOL’s target range at $50–$75. However, Tom Lee himself had consistently stated publicly that both BTC and ETH would reach new all-time highs in January 2026.
Navigating Web3 tides with focused insightsTechFlow reports that on February 15, Tom Lee, co-founder of Fundstrat and chairman of Bitmine, stated in an interview with Decrypt that the market is likely nearing its bottom, with current market sentiment extremely poor and price action weak. Tom Demar, Fundstrat’s analytical advisor, has maintained since November last year that BTC would decline toward $60,000; he initially estimated ETH’s bottom at $2,400, but if that level fails to hold, ETH could bottom near $1,890. He believes only one more downward move remains before reaching the ultimate low—suggesting the downtrend is now very close to its conclusion.
Earlier, Fundstrat indicated in its 2026 cryptocurrency strategy recommendations for internal clients that the market would experience a significant correction in the first half of the year, with BTC’s target range set at $60,000–$65,000; ETH’s target range at $1,800–$2,000; and SOL’s target range at $50–$75. However, Tom Lee himself had publicly asserted throughout January 2026 that both BTC and ETH would reach new all-time highs.
