Fundstrat Report Warns Of Early 2026 Crypto Pullback With Price Targets

TLDR

• A Fundstrat report predicts that Bitcoin could drop to $ 60,000 in early 2026.
• Internal outlook projects Ether may fall to $1,800 by mid-2026.
• Solana’s price could dip to $50–$75, according to Fundstrat’s private forecast.
• Tom Lee expects Bitcoin to reach $ 250,000 and Ether to surpass $ 12,000 in 2026.

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A newly surfaced internal report linked to Fundstrat Global Advisors suggests that a sharp decline in the crypto market could occur in early 2026. The document sets lower targets for Bitcoin, Ether, and Solana, offering a stark contrast to the bullish predictions recently made by Fundstrat’s own co-founder, Tom Lee. This difference in outlook has sparked debate among investors and analysts who closely monitor the digital asset space.

Fundstrat Report Projects Decline in Major Crypto Assets

The internal strategy document, reportedly authored by Fundstrat’s head of digital asset strategy, Sean Farrell, outlines a bearish view for the first half of 2026. According to screenshots shared on social media by various crypto-focused accounts, the report sets specific downside targets for top cryptocurrencies.

Bitcoin, currently trading around $88,000, could drop to the $60,000–$65,000 range. Ether, valued at approximately $3,000 at the time of the report, might fall to $1,800–$2,000. Solana’s price is projected to dip between $50 and $75. The document suggests that these levels may represent attractive entry points later in 2026, though it cautions against expecting sustained growth during the early part of the year.

Cointelegraph has not independently verified the validity of the report, and Fundstrat has neither published it nor commented on it. Nevertheless, several industry sources allege that the document was sent to internal customers, which has created speculation about the long-term implications of crypto strategies.

Tom Lee’s Public Forecasts Paint a Bullish Picture

In contrast to the internal report’s cautious outlook, Fundstrat’s co-founder and head of research, Tom Lee, recently made optimistic remarks about the future of digital assets. Speaking at Binance Blockchain Week in Dubai, Lee stated that Bitcoin could reach $250,000 within months. He also referred to Ether’s current price as “grossly undervalued,” signaling his long-term confidence in the asset.

Lee pointed out that if Ether returned to its eight-year average ratio against Bitcoin, its price could climb to around $12,000. He added that a return to the 2021 ETH/BTC ratio would indicate a valuation closer to $22,000. A more aggressive projection, based on a ratio of 0.25, would suggest Ether reaching above $60,000.

In November, Lee compared Ether’s trajectory to Bitcoin’s historic growth since 2017. He claimed Ether may be entering a similar long-term “supercycle” phase, reinforcing his bullish stance despite short-term market uncertainty.

Institutional Activity Shows Confidence in Ethereum

While Fundstrat’s internal projections indicate caution, institutional interest in Ethereum appears to be increasing. BitMine, a firm associated with Lee, reported a major Ether acquisition in early December. According to company disclosures, it added more than 138,000 ETH in one week and now holds approximately 3.9 million ETH, accounting for over 3.2% of the token’s total supply.

This activity suggests that some large investors continue to view Ether as a valuable long-term asset. Despite market fluctuations and short-term risks, Ethereum’s broader use in decentralized finance and upcoming upgrades may contribute to sustained institutional interest. The apparent divide between Fundstrat’s internal strategy and public commentary underscores the complexity of forecasting in the volatile crypto space.

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