There is no consensus among analysts on the Bitcoin price outlook for 2026.
In a recent client memo, Fundstrat warned of choppy markets and a possible BTC dip towards the $60,000-$65,000 zone.
Fundstrat’s head of crypto strategy Sean Farrell said the depletion of ETF inflows and miner selling after the halving could put pressure on prices in the short term.
Source: Fundstrat
This contradicted the fund’s head of research Tom Lee’s public call to hit a new all-time high of $200,000 in early January, sparking confusion and community sentiment. resists.
But Fundstrat wasn’t the only bear in early 2026.
Bitcoin’s Mixed Outlook for 2026
Alex Thorn, head of Galaxy’s company-wide research, deemed 2026 “too chaotic to predict.” He added that a new ATH high was “still possible,” but uncertainty was high in the run-up to the election.
“Options markets are currently pricing an even odds of $70,000 or $130,000 for month-end June 2026, and equal odds of $50,000 or $250,000 by the end of 2026. These wide ranges reflect near-term uncertainty.”
However, Thorn was confident of a figure of $250,000 in 2027.
Bitwise and grayscale, on the other hand projected a new ATH in the first half of 2026, citing safe haven demand and renewed ETF inflows.
For Thorn, the structure could only regain bullish momentum if BTC rises above $100,000-$105,000 in the medium term.
Short-term lateral structure
In the short term, however, analysts noted that Bitcoin’s next direction could be set after Christmas Day. About $23 billion worth of Bitcoin [BTC] The options expire on December 26, indicating a likely volatile year-end.
According to analyst James Van Straten, top funds have actively hedged about $85,000-$90,000 and the December 26 expiration will clear this wall (Gamma flush theory).
“Bitcoin will remain in the $85,000 to $90,000 range until options expire. This could be an underwater beach ball and the catalyst that sends Bitcoin back to $100,000.”
Source:
On the ETF front, last week, investors withdrew almost $500 million from the products, underscoring the overall risk-off mode during the heavy macro updates.
However, demand for ETFs has been weak since October, which could further depress prices at current levels.
Source: Sosowaarde
Final thoughts
- Major funds and asset managers are divided on BTC projections in 2026.
- Analysts expect the next near-term price to be set after December 26.