Tom Lee, founder of Fundstrat and head of BitMine, the largest Ethereum company, has made new statements regarding Bitcoin.
Tom Lee stated that he is very optimistic about Ethereum (ETH), but expects a cautious rise in Bitcoin (BTC).
Speaking at the Consensus 2026 event in Miami, Tom Lee suggested that the Bitcoin bear market may be coming to an end.
Lee’s analysis shows that signals of a trend reversal are emerging.
According to Tom Lee, if BTC closes May above $76,000, the bear market will end and a new bull market will begin.
“Bitcoin is emerging from its downward trend that went from $126,000 last October to $60,000 this February.”
Bitcoin recorded consecutive monthly gains in March and April. It also rose by approximately 5% in May.
There has never been a time when BTC closed higher for three consecutive months during a bear market.
At this point, if BTC closes above $76,000 this month, it means the bear market is definitely over.”
*This is not investment advice.