TechFlow 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.
