Circulating Fundstrat Report Suggests Potential Bitcoin Dip to $60K in Early 2026

• Potential Bitcoin decline: Fundstrat projects BTC could fall to $60,000–$65,000 in the first half of 2026 amid market corrections.

• Ether faces downside to $1,800–$2,000, signaling caution for investors in the Ethereum ecosystem.

• Solana may see prices between $50–$75, offering possible buying opportunities later in the year per the internal guidance.

Discover Fundstrat’s 2026 crypto outlook revealing potential drawdowns for Bitcoin, Ether, and Solana. Stay informed on contrasting expert views and market strategies—read now for investment insights.

What is Fundstrat’s 2026 crypto outlook?

Fundstrat’s 2026 crypto outlook outlines a bearish scenario for major cryptocurrencies in the early part of the year, predicting a significant drawdown before potential recovery. The internal strategy guidance, attributed to the firm, sets specific downside targets for Bitcoin, Ether, and Solana, emphasizing caution amid broader market dynamics. This perspective highlights risks that investors should monitor closely for informed decision-making.

Fundstrat Global Advisors, a prominent research firm in financial markets, has reportedly shared an internal document detailing its views on cryptocurrency performance through 2026. According to circulating screenshots from crypto-focused accounts on social media platforms, the outlook anticipates a “meaningful drawdown” during the first half of 2026. This projection comes from Sean Farrell, head of digital asset strategy at Fundstrat, and has been distributed to the firm’s clients. While the document remains unpublished publicly, its details have sparked discussions within the crypto community about short-term volatility versus long-term potential.

Fundstrat’s 2026 crypto outlook. Source: Wu Blockchain

The report specifies downside levels that could serve as entry points for accumulation later in the year. For Bitcoin, the largest cryptocurrency by market capitalization, prices might retreat to the $60,000–$65,000 range. Ether, the native token of the Ethereum network, could decline to $1,800–$2,000, reflecting pressures from network upgrades and macroeconomic factors. Solana, known for its high-speed transactions, faces projections of $50–$75, underscoring the volatility in layer-1 blockchains. These targets are based on technical analysis and historical patterns observed in previous market cycles, as per the firm’s internal assessment.

How does Fundstrat’s outlook contrast with Tom Lee’s views on Ether?

The bearish tone of the 2026 outlook from Fundstrat sharply contrasts with the optimistic commentary from Tom Lee, the firm’s managing partner and head of research. During a recent appearance at Binance Blockchain Week in Dubai, Lee expressed strong confidence in Ether’s undervaluation, stating that its current price around $3,000 represents a significant opportunity. He highlighted that if Ether returns to its eight-year average ratio against Bitcoin, it could climb toward $12,000, drawing on historical price correlations and adoption trends.

Lee further elaborated that a revisit to 2021 relative levels might push Ether to nearly $22,000, while an ETH/BTC ratio of 0.25 could imply valuations exceeding $60,000. In November, he compared Ether’s trajectory to Bitcoin’s post-2017 supercycle, noting, “We believe ETH is embarking on that same Supercycle.” This bullish stance underscores Lee’s focus on Ethereum’s role in decentralized finance and smart contracts, supported by data from on-chain metrics showing increased network activity. The divergence within the same firm illustrates the spectrum of opinions in crypto analysis, where internal strategies may adopt a more conservative approach for risk management. Expert analyses like these emphasize the importance of diversified perspectives in navigating volatile assets, with Fundstrat’s guidance citing potential regulatory and economic headwinds as key factors influencing the projected drawdown.

Additionally, Lee’s firm, BitMine, has demonstrated conviction in Ether through active accumulation. A December 8 disclosure revealed holdings of nearly 3.9 million ETH as of December 7, following the addition of over 138,000 ETH in one week. This positions BitMine as a major holder, representing more than 3.2% of Ether’s total supply, signaling institutional interest despite short-term bearish signals.

Frequently Asked Questions

What are the projected downside targets for Bitcoin according to Fundstrat’s 2026 crypto outlook?

Fundstrat’s internal 2026 guidance projects Bitcoin could experience a drawdown to $60,000–$65,000 in the first half of the year. This target accounts for potential market corrections influenced by macroeconomic conditions and historical volatility patterns, offering investors a potential accumulation zone before anticipated recovery.

Why does Tom Lee view Ether as undervalued in the current market?

Ether appears grossly undervalued at around $3,000 because its price-to-Bitcoin ratio has deviated from long-term averages, according to Tom Lee of Fundstrat. He points to Ethereum’s growing utility in DeFi and NFTs, predicting significant upside if historical ratios normalize, making it an attractive hold for long-term growth.

Key Takeaways

• Bearish early 2026 projection: Fundstrat anticipates a crypto market drawdown, with specific targets for BTC, ETH, and SOL highlighting short-term risks.
• Contrasting optimism from Tom Lee: Despite the outlook, Lee remains bullish on Ether, citing undervaluation and potential for a supercycle similar to Bitcoin’s history.
• Institutional accumulation signals: BitMine’s recent Ether purchases underscore confidence in ETH’s fundamentals amid volatility.

Conclusion

The Fundstrat 2026 crypto outlook presents a cautious view on major assets like Bitcoin, Ether, and Solana, projecting early-year declines that could test investor resolve. Yet, the internal bearishness contrasts vividly with Tom Lee’s emphatic endorsement of Ether’s undervaluation, reflecting the nuanced debates shaping crypto strategies. As market participants weigh these insights from Fundstrat Global Advisors, staying attuned to evolving dynamics will be crucial for positioning portfolios effectively in the coming cycles.