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During every major correction period for Bitcoin, the most important question on investors’ minds remains the same: Has the bottom been reached? Following the sharp sell-offs in the cryptocurrency market in recent months, this debate has once again become central, and leading investment funds and managers in the sector have shared their assessments of the current market outlook.
Most professional investors believe that the downside risks for Bitcoin have not yet completely disappeared. According to fund managers, global economic uncertainties, tight financial conditions, ETF outflows, and capital shifting towards rapidly growing sectors like artificial intelligence could lead to continued pressure on crypto assets.
David Grider, a partner at Finality Capital, stated that Bitcoin and digital assets are in the mid- or late stages of a downtrend, and that the market will likely only see its true bottom towards the end of the third quarter or the beginning of the fourth. Similarly, many fund managers do not expect a strong rally in the short term.
However, some long-term investors are viewing current price levels as an opportunity. Representatives from institutions such as VanEck and Pantera Capital stated that confidence in Bitcoin’s long-term potential remains, and many investors see current prices as a gradual buying opportunity.
The investment strategies of the funds also reflect this cautious approach. While many institutions are increasing their cash positions, they are prioritizing hedging strategies over directional transactions. In particular, decentralized finance (DeFi), tokenization, and AI-focused blockchain projects continue to attract the attention of investors.
On the other hand, high interest rates, geopolitical tensions, and liquidity shortages stand out among the risks facing the market. Some fund managers also cite Michael Saylor’s company Strategy’s large Bitcoin position and developments in quantum computing as new risk factors.
Year-end price predictions are generally conservative. None of the funds that commented expect Bitcoin to finish 2026 above $100,000. While some managers predict a bottom between $40,000 and $55,000, they believe a recovery towards $65,000 to $75,000 by the end of the year is more likely.
Looking at the overall picture, while institutional investors maintain a positive view of Bitcoin’s long-term future, they are cautious in the short term. Therefore, whether the market will enter a new uptrend seems to depend on macroeconomic conditions and the flow of institutional capital.
*This is not investment advice.