Bitcoin may not be done surprising the market just yet ๐. According to Tom Lee, co-founder of Fundstrat Global Advisors, the worldโs largest cryptocurrency still has upside potential and could reach a new all-time high by January 2026.
๐ Key Highlights
๐ Bitcoin could set a new ATH by January 2026, says Tom Lee
๐ช๏ธ 2026 may be volatile for crypto โ but bullish overall, especially in the second half
๐ Institutional repositioning could cause short-term turbulence
๐ง The S&P 500 could climb to 7,700 by the end of 2026, driven by AI and strong earnings
๐ฌ โBitcoin Hasnโt Peaked Yetโ
Speaking during a CNBC Squawk Box interview, Lee dismissed claims that Bitcoin has already topped out.
> โI donโt think Bitcoin has peaked yet,โ Lee said. โWe were a bit too optimistic about reaching the high before December, but I still believe Bitcoin can hit a new all-time high by the end of January 2026.โ
He emphasized that investors shouldnโt assume the recent highs mark the end of the cycle, especially after the late-2025 pullback across digital assets.
Lee has long maintained a bullish stance on Bitcoin. While earlier projections โ including a call for prices above $200,000 โ didnโt fully materialize, Bitcoin still reached a record high above $126,000 in October and ended 2025 trading near $88,500.
๐ช๏ธ A Two-Phase Crypto Market in 2026
Looking ahead, Lee expects 2026 to unfold in two distinct halves for crypto markets.
The first half could be challenging as institutions rebalance portfolios and adjust risk exposure. This phase, he says, may bring increased volatility and market uncertainty.
However, Lee believes this reset could be exactly what fuels the next major move higher.
> โThat volatility helps clear the path for a much stronger second half,โ he explained.
Importantly, Lee doesnโt see the turbulence as a sign of long-term weakness โ but rather a normal pause after several years of strong gains ๐โก๏ธ๐.
---
๐ Big Bullish Call on U.S. Stocks
Beyond crypto, Lee also shared one of Wall Streetโs most aggressive equity forecasts.
He expects the S&P 500 to surge to 7,700 by the end of 2026, supported by:
๐ผ Resilient corporate earnings
๐ค Productivity gains driven by artificial intelligence
> โThe fundamental strength of the U.S. economy remains intact,โ Lee said. โEarnings are far more durable than many bears anticipate.โ
๐ Final Thoughts
While short-term pullbacks may test investor confidence, Tom Lee sees 2026 as a year filled with opportunity, not fear.
> โThereโs a lot to be optimistic about going forward.โ
๐ Bottom line: Expect volatility โ but donโt count Bitcoin out yet.
#bitcoin #CryptoNews #FinancialMarkets #MarketVolatility #BitcoinATH $BTC $SOL $XRP