BlockBeats news, on February 1, Tom Lee expressed his 2026 market outlook during a podcast (The Compound) this Friday. Tom Lee remains generally optimistic about cryptocurrencies, believing that despite short-term declines (such as precious metals drawing speculative funds), a long-term bull market is still in its early stages (a decade-long bull market starting from 2022).

Tom Lee also acknowledged that the current cryptocurrency market is in a bear phase, facing significant short-term pressure. ETH may reach $2400 as a bottom (today Ethereum briefly hit a low of $2200, now around $2400.), and then rebound. If the ETH/BTC ratio returns to historical highs, ETH could reach around $12,000.

The above opinion is consistent with its public statements since the beginning of the year, predicting multiple times since 2026 that this year's market will first decline and then rise, with Bitcoin still expected to set a new historical high.