Tom Lee Says Crypto Pullback Is a Short Bear Phase, Reaffirms Long-Term Bitcoin and Ethereum Targets

Veteran market strategist Tom Lee believes the current cryptocurrency downturn represents a short-term “mini winter” rather than the start of a prolonged bear market. In a recent interview with Rug Radio founder Farokh Sarmad, Lee said digital assets are undergoing a digestion phase that could last between three and six months. He cautioned investors against waiting for a perfect market bottom, suggesting gradual accumulation during periods of weakness instead.

Lee described the correction as a typical short bear cycle within a broader structural uptrend. According to him, the next major inflection point for the crypto market is likely to emerge in 2026.

Ethereum Price Prediction and Long-Term Growth Thesis

Lee remains confident in Ethereum’s long-term trajectory. He said he has no regrets about buying ETH near previous highs, arguing that the asset remains close to a cyclical bottom despite potential brief dips below the $1,800–$1,890 range. Historically, Ethereum has recorded eight V-shaped recoveries, reinforcing his conviction.

Looking ahead, Lee projects Bitcoin could reach $200,000 to $250,000 by 2026, while Ethereum may climb toward $12,000 to $22,000, supported by its expanding role in stablecoins, artificial intelligence infrastructure, and the creator economy.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.