tech
December 30, 2025
Why bitcoin is ending 2025 with losses, and whether it can rebound in the new year
Bitcoin could gain ground in 2026, despite its poor performance this year, according to some analysts on Wall Street.
TL;DR
- Bitcoin's momentum reversed in the last quarter, placing it on track to finish 2025 in the red.
- Current trading price is $88,242, down about 6% year-to-date and 30% off its record high.
- Investor confidence was impacted by liquidations and economic uncertainty, including tariff threats.
- Catalysts for a 2026 rally include growing crypto ETFs and potential regulatory support in the U.S.
- Citi Research forecasts a base-case target of $143,000 for Bitcoin over the next 12 months.
- JPMorgan notes MicroStrategy's enterprise value-to-bitcoin-holdings ratio staying above 1.0 as a positive indicator.
- The traditional four-year cycle, linked to halving events, suggests Bitcoin could plunge further.
- Some experts, like ReserveOne CEO Jaime Leverton, believe the four-year cycle is ending and anticipate new all-time highs in 2026.
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