Bitcoin to Hit $65K in 2026, Says Fidelity Investments
Bitcoin is still low and could be entering an extended cold period known as a cryptocurrency winter according to one analyst.
Quick overview
- Jurrien Timmer from Fidelity Investments predicts Bitcoin could bottom out between $65K and $75K in 2026.
- Despite hitting an all-time high in October 2025, analysts suggest Bitcoin may enter a cooling phase throughout 2026.
- Bitcoin has struggled to maintain a value above $90K, indicating a potential prolonged bearish period.
- Historical trends suggest that 2026 could resemble previous 'crypto winters' where prices remain low.
According to Jurrien Timmer, the director of global macro research for Fidelity Investments, 2026 could be a rough year for Bitcoin (BTC) with a bottom of around $65K.
In October of 2025, Bitcoin hit an all-time high, but it may be well into a cooling phase that lasts through much of the coming year, according to some analysts. Most experts agree that Bitcoin will remain bullish over the long term, perhaps hitting the million dollar mark in a few years, but 2026 may not be very good for account holders who were expecting the coin to set a new high.
BTC/USDTimmer of Fidelity Investments said on X that the coin might have peaked in October and could halve in the coming months as it goes through a lengthy cycle. His expectation is that Bitcoin will bottom out in 2026 somewhere between $65K and $75K.
Historical Data May Point to a Low year for Bitcoin
Now valued at $88,019 (BTC/USD), Bitcoin has had a tough time getting back above $90K, much less $100K. It seems that every time the coin makes a little upward progress, it retreats and then loses what gains it made. Bitcoin has not managed to stay above $90K for any appreciable length of time since early November.
If Bitcoin is going through a winter period, then 2026 may be very cool in terms of its upward progress. A crypto winter is a very broad term that has no fixed percentage of decline or fixed length. It indicates a time when cryptocurrency prices remain lower, similar to a bear market.
Bitcoin has had these cold winter periods before, and we saw one of them last from 2022-2023. If history repeats itself, then much of 2026 could be cold for Bitcoin and could see prices below $100K for much of the year. Not all analysts agree that cryptocurrency goes through a four-year cycle, even a coin as scrutinized and closely tracked as Bitcoin. The cycle from 2022-23 could be a fluke rather than something that set a precedent.
It does appear that Bitcoin is in an extended low period, though, and even changing federal regulations and numerous whale purchases have not helped the coin regain a foothold above $90K recently. The market may be in for an extended bearish period that needs some time before the market shifts.
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