Bitcoin May Have Found Its Bottom Near $60,000, Says Coinbase CEO Brian Armstrong

Bitcoin may have already reached its lowest point in the current market cycle, according to Coinbase CEO Brian Armstrong. Speaking in a recent video, Armstrong said his instinct is that Bitcoin likely bottomed around the $60,000 level, although he acknowledged that no one can predict market movements with certainty.

His comments came as Bitcoin traded above $67,000, recovering nearly 4% in 24 hours after improving global market sentiment following the latest US-Iran agreement. Earlier this month, Bitcoin briefly fell to around $59,743, its lowest level since October 2024, before rebounding.

Four-Year Bitcoin Cycle Supports Bullish View

Armstrong pointed to Bitcoin’s well known four-year halving cycle as one reason for his optimism. Historically, Bitcoin has moved through alternating bull and bear market phases linked to the halving process, which reduces the rate of new supply entering the market.

Despite the recent recovery, Bitcoin remains roughly 50% below its all-time high of nearly $126,000 reached in October 2025.

Demand Signals Still Mixed

While Armstrong remains bullish and expects Bitcoin prices to be significantly higher by 2030, some market indicators continue to show caution. Onchain data suggests Bitcoin has entered a historical value zone near its realized price of about $53,600. However, demand remains weak and exchange-traded fund flows have yet to fully stabilize.

Armstrong also argued that Bitcoin’s recent decline has overshadowed positive developments across the wider digital asset market, including growth in stablecoins, derivatives and prediction markets. For now, investors are closely watching macroeconomic conditions and market demand to determine whether the recent rebound can develop into a sustained recovery.