Bitcoin In 2026: Bullish And Bearish Price Targets
It is not hard finding Bitcoin (CRYPTO: BTC) bulls heading into 2026. Some of the bears out there are the same voices who have been calling for a big and more permanent sell off for the past 10 years – with short-seller extraordinaire Michael Burry recently calling its valuation “the most ridiculous thing.”
Some investors might not think Bitcoin is a ridiculous Ponzi scheme, like Burry, but they are not getting caught up in last fall’s all time highs and expecting a repeat. Fidelity is urging caution, and thinks the prime digital currency can rise and mostly trade sideways. Galaxy Research thinks Bitcoin will have a “boring” 2026.
However, with the Federal Reserve looking to cut interest rates in 2026, and overall market sentiment for traditional securities very positive, the market is being primed for the return of $100,000-plus Bitcoin next year. Bitcoin prices are currently around $90,000, well below its peak of $126,000 in October.
Who’s Bullish?
Grayscale Investments, in its 2026 Digital Asset Outlook published this month, said 2026 will see a broadening of the Wall Street adoption theme. Grayscale’s research team predicts Bitcoin to reach a new all-time high in early 2026. Bitcoin’s prior peak was around $126,000.
“The current bull market has lasted more than three years, and the most recent Bitcoin halving was in April 2024, more than 1.5 years ago. Therefore, conventional wisdom among certain market participants says that Bitcoin’s price likely peaked in October, and 2026 will be a challenging year for crypto returns. We expect rising valuations across all six crypto sectors in 2026, and Bitcoin could exceed its previous high in the first half of the year.” – 2026 Digital Asset Outlook: Dawn of the Institutional Era by Grayscale research team, Dec. 2025.
Analysts at JPMorgan are bullish.
In a December 2025 client note, JPMorgan strategists led by Nikolaos Panigirtzoglou …
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