Despite Tom Lee's ongoing optimism about BTC and ETH, a report from his private client group indicates that Fundstrat has a cautious short-term outlook on cryptocurrencies, particularly Ethereum.

Fundstrat's Head of Digital Asset Strategy, Sean Farrell, presented a defensive baseline scenario for the first half of 2026 in his "2026 Cryptocurrency Outlook" report. He expects the market to undergo a significant adjustment, specifically:

- Bitcoin prices could fall to the range of $60,000 to $65,000.

- Ethereum prices are expected to drop to around $1,800 to $2,000.

The price of SOL is around $50 to $75.

These price levels are seen as highly attractive long-term buying opportunities. He tends to maintain a cautious stance until the market clearly confirms its strength.