Fundstrat’s got Bitcoin investors scratching their heads. On one hand, the firm just warned that Bitcoin could tumble all the way down to $60,000. On the other, Tom Lee Fundstrat’s own co-founder is still shouting from the rooftops about his $200,000 target. That’s a pretty big gap.

So what’s going on? The bearish call comes from Fundstrat’s analysts, who think the next few months look rocky. They’re worried about shrinking liquidity, investors locking in profits late in the cycle, and a general sense of uncertainty hanging over the global economy. Basically, if the market’s feeling jumpy and central banks keep everyone guessing, seeing Bitcoin drop to $60,000 wouldn’t really shock them. They’re chalking it up to the normal growing pains of a maturing market.

Tom Lee, though, isn’t sweating the short-term noise. He’s looking at the bigger picture the stuff that actually moves the needle over the long haul. Things like more ETFs coming online, big institutions quietly buying in, and Bitcoin slowly turning into a safe haven when governments get messy with their finances. For him, these little meltdowns are just part of the ride. They don’t shake his conviction at all.

Really, this back-and-forth inside Fundstrat says a lot about crypto right now. Your outlook depends on your time frame. If you’re trading day-to-day, you’d better buckle up for some wild swings. But if you’re in it for the long run, these dips might just be the market catching its breath not the end of the story.

Bottom line? Bitcoin isn’t about to hand anyone a smooth, easy ride. Maybe we see $60,000 again before new highs. Maybe not. Either way, volatility isn’t going away. That’s just the price you pay if you want to play in crypto’s next chapter.