Sean Farrell, the Digital Asset Strategy Lead at Fundstrat, who gained attention earlier this year by forecasting a downturn in cryptocurrency markets, recently shared his insights on the current market conditions and what lies ahead.
As 2026 kicks off with a sharp correction in crypto prices, renowned analyst Sean Farrell—who predicted months ago that Bitcoin would drop to between $60,000 and $65,000—addressed one of the most pressing questions among investors: “Have we hit the bottom yet?”
Farrell observed that Bitcoin exhibited clear signs of capitulation last week when it dipped to around $59,000. Nevertheless, he remains cautious about declaring a full market recovery just yet: “The speed at which our bearish price targets are being met is somewhat concerning. It might be premature to say we’ve found a lasting bottom.”
Despite this cautious tone early in the year, Farrell has not abandoned his ambitious year-end forecast of $115,000 for Bitcoin. He believes that this intense market correction is actually setting up healthier conditions for an eventual rally. Farrell expressed confidence by stating, “Once stability returns and speculative capital flows back into crypto assets, I expect a swift rebound.”
The analyst also pointed out that investor focus has recently shifted away from cryptocurrencies toward precious metals like gold and silver as well as artificial intelligence ventures. However, he suggested that if momentum slows down in these sectors too, digital currencies could regain their status as attractive investment options. In particular, he highlighted Kevin Warsh’s potential appointment as FED chairperson and how his administration’s intent to maintain an active economy might benefit riskier assets over the medium term.
Farrell emphasized that their investment strategy isn’t limited solely to Bitcoin but includes other promising projects as well. Despite Vitalik Buterin’s recent remarks on Layer 2 scaling solutions, he remains optimistic about Ethereum (ETH), viewing last week’s price dip as an opportunity to buy more. Regarding Hyperliquid (HYPE), Farrell noted its importance within their portfolio due to its strong fundamentals and success with integrating non-crypto or “exogenous” assets.
This content does not constitute financial advice.