Respected Wall Street analyst Tom Lee is forecasting that Bitcoin’s (BTC) price will rise to $250,000 by the end of 2025.
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Lee, who is co-founder and head of research at boutique financial firm Fundstrat, sees a near-term correction in crypto that could take Bitcoin’s price down as low as $70,000. However, Lee remains bullish on Bitcoin and has set a year-end target for its price of between $200,000 and $250,000.
The bullish year-end call comes as Bitcoin fell below $90,000 on January 13 before quickly rebounding and rising to $96,500. In an interview with CNBC, Lee described the volatility in Bitcoin and other cryptocurrencies as “normal” and said regular corrections of 10% or more in prices should be expected.
Pullbacks are Normal
Lee added that pullbacks in crypto prices usually occur before digital assets rally to new highs. According to Lee, $70,000 is a strong support level for Bitcoin and is likely as low as the largest crypto by market capitalization will fall before forming a bottom and rallying once again.
Despite a short-term correction, Lee still thinks Bitcoin will be one of the standout assets of 2025 and remains bullish on crypto. Catalysts for cryptocurrencies in the coming year include a favorable regulatory environment under the administration of U.S. President Donald Trump, and a continued rally in stocks.
Is BTC a Buy?
Most Wall Street firms don’t offer ratings or price targets on Bitcoin, so we’ll look at the cryptocurrency’s three-month performance instead. As one can see in the chart below, the price of BTC has risen 40% in the last 12 weeks.
