tiprankstipranks
Top Wall Street Analyst Sees Bitcoin (BTC) Hitting $250,000 This Year
Market News

Top Wall Street Analyst Sees Bitcoin (BTC) Hitting $250,000 This Year

Story Highlights

Pullbacks usually occur before crypto tests new highs, says Tom Lee.

Respected Wall Street analyst Tom Lee is forecasting that Bitcoin’s (BTC) price will rise to $250,000 by the end of 2025.

Stay Ahead of the Market:

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.

Latest News Feed

More Articles