Bitcoin is currently priced at $93,750, a significant decrease of 25.6% from its all-time high of $126,080 recorded on October 6. However, the cryptocurrency has experienced a 7.1% increase in value since the start of 2026, according to CoinGecko data. Industry analysts, including Bill Miller IV, chief investment officer at Miller Value Partners, express optimism about Bitcoin's potential to reach new heights this year.
Miller anticipates that Bitcoin will surpass its previous all-time high, driven by favorable conditions such as regulatory support in the U.S. and increasing adoption by Wall Street firms, including major players like JPMorgan. He emphasized that recent technical indicators suggest a positive trajectory for Bitcoin, stating it has established a stronger base compared to the spring of 2025.
In a separate discussion, Tom Lee, CIO of Fundstrat Capital, highlighted ongoing institutional adoption and government backing as key factors supporting Bitcoin's recovery. While he did not specify a new price prediction for 2026, Lee mentioned the possibility of Bitcoin reaching between $50,000 and $250,000 this year. Haseeb Qureshi from Dragonfly also forecasted that Bitcoin could exceed $150,000 soon.