Bitcoin May Have Bottomed at $60,000, Analysts Say

The Motley Fool··Read original
3▲2 ▼0Impact / 5
Summary · why it matters

Bitcoin may have finally hit a bottom at $60,000, according to Coinbase Global CEO Brian Armstrong and Ark Invest's Cathie Wood, who both suggest the cryptocurrency's most bearish phase is ending. Bitcoin is down nearly 50% from its all-time high of $126,000 last October, and it has now been approximately 10 months since that peak, aligning with its historical four-year boom-and-bust cycles. Armstrong first called a bottom in June, while Wood recently indicated Bitcoin has bottomed out, with both maintaining a long-term price target of $1 million or more by 2030. The article argues that Bitcoin at $65,000 is too cheap to ignore and that a holding period of at least five years is advisable given the asset's volatility and upside potential.

Impact on assets 2

Digital Finance & Tokenization▲ · 1 stocks
Coinbase Global Inc
COIN
▲ PositiveCapitalrelevance

CEO Armstrong's bullish bottom call and $1M price target boost sentiment for Coinbase as a crypto exchange.

Others▲ · 1 stocks
Bitcoin
BTC-USD
▲ Positiverelevance

Analysts suggest Bitcoin has bottomed at $60,000 and is undervalued at $65,000, with long-term upside.

Off-coverage companies 1

ARK Investment Management LLCPrivate▲ Positive
Capitalrelevance

Cathie Wood's bullish Bitcoin call supports ARK's investment thesis, though not a direct company event.

© 2026 MarketIVNews