Bitcoin will reclaim $100,000 and Ethereum will see $4,000 by the end of 2026—but they’ll first sink to $50,000 and $1,400 on their way there. Near-term, we see potential for further price downside in the coming months. Holdings of digital asset ETFs have fallen (albeit in an orderly manner), and the average Bitcoin ETF holding is now down around 25%. Total assets under management in Bitcoin ETFs peaked above $165 billion in early October, but that figure has since fallen 41% to $96 billion.
Ethereum ETFs have seen a similar drop, peaking at $23 billion in August 2025 and dropping 43% from their high to $13 billion as of Thursday morning. At the time of writing, Bitcoin has been changing hands for $67,456 after gaining nearly 2% in the past day, according to price aggregator CoinGecko. The coin has dropped 27% in the last 30 days alone, and is 46% lower than the all-time high above $126,000 that it set in October. Meanwhile, Ethereum was trading for $1,969 at the time of writing after having risen 2.8% in the past day.
It’s still 4% lower than it was this time last week. In recent months, the bank has argued that Bitcoin would reach $500,000, with Ethereum at $40,000 and Solana at $2,000 by the end of 2030. The bank focuses on two key metrics during a crypto market drawdown: the pullback relative to the all-time high and the percentage of BTC that’s currently in profit. We think that the involvement of institutional investors and ETFs will cushion the downside this time, leading to less extreme total declines.
Leave a Reply