Cantor Fitzgerald Says Bitcoin Bear Market Nearing Final Stage, Bottom Possible by October

Wall Street bank Cantor Fitzgerald believes crypto markets are approaching the end of the current bear cycle, with analysts led by Gareth Gacetta suggesting a market bottom could arrive within months. As of June 10, Bitcoin was 252 days past its 2025 peak and down roughly 51%. Across the previous three market cycles, BTC bottomed an average of 384 days after peaking, placing a potential low around late October if historical patterns hold.

Analysts Caution Against Over-Reliance on Cycle Timing

The bank acknowledged that macroeconomic, regulatory and geopolitical risks make precise timing difficult, though it noted crypto’s reflexive nature can make historical cycles self-reinforcing.

Focus Should Shift to Durable Value Networks

With markets potentially nearing a turning point, Cantor urged investors to move away from speculative assets toward networks with sustainable cash flow or lasting monetary demand. The bank highlighted Hyperliquid as the clearest example of fee driven token economics through buybacks and burns, while Bitcoin remains the benchmark monetary asset and Ethereum the dominant collateral layer for onchain finance.

Treasury Companies Flagged as Overlooked Opportunity

Cantor initiated coverage on digital asset treasury firms Forward Industries and Cypherpunk Technologies with overweight ratings and price targets of $7.90 and $0.90 respectively, arguing leading firms are evolving beyond passive crypto holders into active yield-generating operators.