Fundstrat Digital Asset Strategy Head Sean Farrell, who drew attention at the beginning of the year with his forecasted decline in the cryptocurrency markets, evaluated the current market situation and future expectations.

The cryptocurrency market started 2026 with a sharp correction, and renowned analyst Sean Farrell, who predicted months ago that Bitcoin would fall to the $60,000 – $65,000 range, answered the most frequently asked investor question: “Is the bottom in?”

Farrell stated that Bitcoin touched the $59,000 level last week, indicating a significant sign of capitulation. However, Farrell remains cautious about claiming a complete reversal: “The rapid realization of our downside targets concerns me somewhat. It may still be too early to talk about a permanent bottom.”

Despite the pessimistic outlook in the first quarter of the year, Farrell has not backed down from his year-end target of $115,000 for Bitcoin. According to the analyst, this intense cleansing in the market actually paves the way for a healthier rise. Farrell said, “When the market stabilizes and hot money flows back into crypto, I believe the recovery will be quite rapid,” maintaining his optimism.

Farrell pointed out that recently, investor interest has shifted from Bitcoin to precious metals like #What’sNextforBitcoin? gold, (silver, and artificial intelligence )AI( projects. However, he noted that as momentum in these areas wanes, crypto could once again become “the brightest metal.” He emphasized that the nomination of Kevin Warsh for FED chair and the administration’s desire to keep the economy “hot” could be positive for risk assets in the medium term.

The analyst stated that they are focusing on not only Bitcoin but also other projects in portfolio management. Despite Vitalik Buterin’s comments on Layer 2 strategies, he remains constructive on ETH and sees last week’s decline as a buying opportunity. Regarding Hyperliquid )HYPE(, Farrell added that this platform holds an important place in their portfolios due to its core value and success in “exogenous assets” )non-crypto assets(.

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