Fundstrat Global Advisors co-founder Tom Lee predicts Bitcoin will hit a new all-time high by the end of January 2026, building on models estimating a 70% chance sometime this year. He foresees a volatile 2026 with challenges in the first half but a strong second-half recovery, plus major Ethereum upside.
Tom Lee, co-founder of Fundstrat Global Advisors and chair of Bitmine Immersion Technologies, shared his bullish Bitcoin outlook on CNBC's Squawk Box. Bitcoin hit $126,000 in October 2025 before pulling back to close the year near $88,500. "I don’t think bitcoin has peaked yet," Lee said. "Bitcoin can hit a new all-time high by the end of January 2026."
Lee previously targeted $200,000 by end-2025, which was missed. He described 2026 as "a year of two halves": tough first half due to institutional rebalancing and market reset, setting up a massive rally later. He called Ethereum "dramatically undervalued," entering a supercycle like Bitcoin's 2017-2021 run. Bitmine recently boosted Ethereum holdings to 4.14 million units. Lee had eyed $15,000 for Ethereum by end-2025 (peaked $4,830).
Lee also projected the S&P 500 reaching 7,700 by end-2026, driven by U.S. economic strength and AI productivity gains.
