Bitcoin is once again drawing optimism from top investors, with fund manager Bill Miller IV saying the cryptocurrency “looks ready to go again” as regulatory momentum and institutional adoption continue to build. Analysts believe these factors could push Bitcoin to fresh all-time highs in 2026.
Bill Miller IV: Bitcoin Technicals and Regulation Signal a Breakout
Bill Miller IV, chief investment officer at Miller Value Partners and son of legendary investor Bill Miller, said Bitcoin’s price action is showing strong technical signals that suggest another major rally could be approaching. Speaking with CNBC, Miller noted that Bitcoin appears to have formed a higher base compared to earlier in 2025, a setup that historically precedes breakouts.
He pointed to supportive comments from U.S. Securities and Exchange Commission Chair Paul Atkins, who has acknowledged that capital markets are increasingly moving onchain. Major Wall Street firms, including JPMorgan, are actively building blockchain-based products, reinforcing Bitcoin’s role at the center of the digital asset ecosystem.
Miller downplayed Bitcoin’s recent pullback and its underperformance versus gold, emphasizing the importance of long-term perspective. Given Bitcoin’s historical volatility, he said short-term declines are not unusual, especially when zooming out shows that Bitcoin has never experienced two consecutive negative years.
At the time of reporting, Bitcoin was trading around $93,750, roughly 25% below its all-time high of $126,080 set in October, yet still up over 7% so far in 2026.
Analysts See Wide Bitcoin Price Range but Strong Long-Term Tailwinds
Other industry leaders echo Miller’s optimism. Fundstrat Capital CIO Tom Lee said Bitcoin entered 2026 with multiple tailwinds, including reduced market leverage, continued institutional adoption, expanding blockchain products on Wall Street, and growing support from the U.S. government. According to Lee, these factors position Bitcoin for a recovery and potential new highs this year.
While Lee stopped short of offering a precise price target for 2026, he previously suggested Bitcoin could reach new highs early in the year. Meanwhile, Dragonfly managing partner Haseeb Qureshi predicted Bitcoin could exceed $150,000 by the end of 2026, though he expects Bitcoin’s dominance within the crypto market to decline as other assets grow.
Galaxy Digital took a more cautious stance, calling 2026 “too chaotic” to forecast with precision. The firm estimated Bitcoin could end the year anywhere between $50,000 and $250,000, highlighting both the opportunity and uncertainty surrounding the market.
