Analyst from Tom Lee's fund: Bitcoin may drop to $60,000-$65,000 and Ethereum to $1,800-$2,000 in the first half of 2026

BlockBeats News, December 20, Sean Farrell, Head of Crypto Strategy at Tom Lee's Fundstrat, stated in the "2026 Crypto Outlook" report: "Although I believe that bitcoin and the entire crypto market still have strong long-term bullish factors, and liquidity-driven support is expected to emerge in 2026, we may still need to digest several risks in the first and second quarters of 2026, which could provide more attractive entry points.

My baseline judgment is: there will be a relatively significant decline in the first half of 2026. Bitcoin may fall to $60,000–$65,000, Ethereum may drop to $1,800–$2,000, and SOL may fall to $50–$75. These price levels will provide good opportunities for positioning before the end of the year. If this judgment proves to be wrong, I would still prefer to maintain a defensive stance and wait for confirmation signals of a strengthening trend. The year-end target for bitcoin is around $115,000, and the year-end target for Ethereum could reach $4,500.

Within this framework, ETH's relative strength will become even more prominent. I believe this is reasonable, as Ethereum has more favorable structural capital flow characteristics, including: no miner selling pressure, not being affected by MSTR-related factors, and relatively lower concerns about quantum risks."