Here's the latest spread, with $BTC around $82.7k right now:

Bullish targets

- Tom Lee (Fundstrat): **$200k–$250k** by end 2026 — held all year despite the drawdown
- JPMorgan: **$150k–$170k** (fair-value model vs gold)
- Bernstein: **$150k** by end 2026 (cut from $200k)
- Arthur Hayes: **$125k** by December
- Citi: **$113k** (12-month — raised Oct 1 from $82k)
- TD Cowen: **$109k** year-end, **$280k** for 2029
- Standard Chartered: **$100k** by end 2026 (cut twice, from $300k)
- Fidelity (Timmer): **$300k** by 2029

Bearish targets

- Peter Brandt: as low as **$25k** (chart-based)
- NYDIG: **$38k–$39k** scenario if the drawdown matches 2014/2018/2022 depth (scenario, not a forecast)
- Xanrox / analysts: **$44k** bottom around now, then recovery
- Aralez: **$46k** October bottom, then back to $100k by December
- Citi bear case: **$53k**
- 10x Research: **~$55k** low
- Fidelity: **$65k–$75k** consolidation range for 2026

The honest context: almost every bank *cut* targets this year — Citi went $143k → $82k before bouncing back to $113k this month, StanChart $300k → $100k. Only Tom Lee never blinked.

What do you think about #bitcoin