Fundstrat’s Tom Lee has reiterated and intensified his bullish stance for Bitcoin in early 2026. In a CNBC appearance, Lee stated, “I don’t think bitcoin has peaked yet… I do believe that bitcoin can hit a new all-time high by the end of January 2026”

This comes after a late-2025 pullback that saw BTC retreat from its October highs.

Lee frames 2026 as “a year of two halves,” predicting near term volatility due to institutional repositioning before a “massive rally” in the second half of the year.

This forecast, while optimistic, underscores the divided sentiment in the market. While ETF outflows suggest short-term caution, voices like Lee’s point to underlying structural strengths and long-term institutional narratives that could fuel a rapid price recovery.

SUMMARY:

Analyst Tom Lee predicts Bitcoin could reach a new all time high before the end of January 2026, framing the year as volatile initially but ultimately bullish, with a strong second half driven by institutional adoption and positive macroeconomic trends.