The New York-headquartered independent global financial research firm Fundstrat has given Bitcoin two directions in its latest note to clients. The prediction comes at a time when BTC is trading around the $64,000 level. The leading cryptocurrency is struggling to stay afloat in 2026 and has been trading in a loop between $65,000 to $58,000. The cryptocurrency is unable to break this cycle and has fallen nearly 45% in a year.
This is the reason why Fundstrat has given both an upside and downside target for Bitcoin. The research firm has gauged the sentiments of the market, which is currently not in favor of cryptocurrencies. The money is being flown into the stock market, and specifically into sectors that deal with AI technologies. The wider umbrella of investments goes into semiconductor stocks, high-bandwidth memory (HBM) manufacturers, and renewable energy suppliers, among others.
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Bitcoin’s Latest Upside and Downside Price Target: Fundstrat
Fundstrat has predicted that Bitcoin could reach a high of $83,200 after observing the historical cycles of the cryptocurrency. The firm estimated that BTC surged ahead by nearly 30% in historical cycles each time it entered a price consolidation phase. The median absolute price movement after a grind has usually put prices ahead by 30%. Therefore, the target of $83,200 has been put in place by the financial research firm.
“The typical magnitude of historical moves is notable. Looking across prior observations, the median absolute move over the subsequent 60 days has been roughly 30%,” said Sean Farrell, Fundstrat’s Head of Digital Asset Strategy to CNBC. While this can be a positive outcome, he also predicted that Bitcoin has an equal chance of experiencing a dip. The firm has sensed the mood of the market, which is currently mostly negative.
Fundstrat’s note to clients specifically gives a downside Bitcoin target of $44,800. That’s a record reduction of $20,000 from its current price of around $64,000. It also equals a loss of 30%, which is equal to the upside target. Either way, up or down, the research firm has predicted that BTC’s next step will involve a 30% profit or loss. Investors are extremely cautious in this period and have tightened their purse strings to protect their funds. The days of easy money are now a thing of the past.