WHAT IS HAPPENING WITH FUNDSTRAT & TOM LEE?

In the Crypto Outlook 2026, Sean Farrell – Head of Digital Asset Strategy at @fundstrat – builds a defensive base scenario for the first half of 2026.

- According to Farrell, after a strong uptrend, the crypto market is likely to undergo a significant correction to rebalance supply – demand and sentiment.

=> In this scenario, Fundstrat estimates Bitcoin $BTC could retreat to the range of 60,000-65,000 USD, Ethereum $ETH could adjust further to around 1,800-2,000 USD, while Solana $SOL could return to the range of 50-75 USD.

- Although Tom Lee (Chairman of Bitmine, co-founder and Head of Research at Fundstrat Global Advisors) consistently maintains a bullish stance on Bitcoin and Ethereum in public statements => the report sent privately to Fundstrat's paid client group reflects a noticeably more cautious view in the short term.

- It can be understood that this is how Farrell distinguishes between long-term bullishness and short-term risk discipline; he assesses these as attractive valuation areas for a long-term buy and hold strategy.

=> So this report has a bit of a contradiction in the short term - mainly regarding risk management, but still shares a long-term bullish view with Tom Lee.