Whalesbook
Tom Lee, co-founder of Fundstrat Global Advisors, forecast Bitcoin could touch a new all-time high as early as January 2026. This call comes after missing a previous target for an earlier peak. Lee acknowledged the earlier miss but reinforced his positive outlook on digital assets.
2026 Outlook
Lee anticipates 2026 will present a year of two distinct halves. The initial six months may prove difficult due to institutional repositioning and a strategic reset across cryptocurrency markets. However, Lee believes this expected turbulence is precisely what will set the stage for a substantial rally in the latter half of the year.
Ether Bullishness
The analyst is particularly optimistic about Ether (ETH). He argues that the asset is entering a multi-year expansion phase, drawing parallels to Bitcoin's significant run from 2017 to 2021. Lee considers Ether dramatically undervalued and believes it is entering a "supercycle." He frames Ether exposure as a strategic imperative for modern treasuries, not merely a speculative play. His crypto mining firm, Bitmine Immersion Technologies, is actively acquiring more Ether.
Beyond digital assets, Lee presented one of Wall Street's most ambitious equity forecasts. He projects the S&P 500 index to reach 7,700 by the close of 2026. This aggressive target is supported, in his view, by the fundamental strength of the U.S. economy and productivity gains driven by artificial intelligence. Lee stated that corporate earnings resilience is a key factor backing his forecast.
Lee concluded by framing market pullbacks as opportunities rather than warnings, expressing significant optimism for 2026.