A report from Fundstrat Global Advisors predicts a bearish outlook for cryptocurrencies in 2026, anticipating a significant drop in the first half of the year. Targets include Bitcoin at $60,000-$65,000, Ether at $1,800-$2,000, and Solana at $50-$75, with potential buying opportunities later in the year.

The internal 2026 crypto strategy guidance from Fundstrat has not been publicly released. Multiple sources, including Wu Blockchain, claim the document was distributed to internal clients. Tom Lee, managing partner at Fundstrat, has not publicly commented on the report.

In contrast to the bearish outlook, Tom Lee recently stated that Bitcoin could reach $250,000 in months and called Ether “grossly undervalued” at around $3,000. He believes Ether could reach $12,000 based on its historical ratio against Bitcoin or even $22,000 with a return to 2021 levels.

Despite the market’s decline, BitMine, led by Tom Lee, continues to accumulate Ether aggressively. The company recently disclosed holding nearly 3.9 million ETH, representing over 3.2% of the total supply. In a single week, BitMine added over 138,000 ETH to its holdings.

Read more at Cointelegraph: Fundstrat’s Circulating 2026 Crypto Outlook Warns of Pullback