Bitcoin (BTC) is on track to blow past $150,000 target this year, says veteran crypto market commentator Tom Lee. In a recent interview with CNBC’s Squawk Box , Lee, a managing partner and head of research at Fundstrat Global Advisors, came out with his latest bullish take on the Bitcoin price. Bitcoin May Hit Bottom This Week Bitcoin and other leading tokens, including Ripple’s XRP, Cardano (ADA), and Solana’s SOL tumbled hard on Tuesday, just days after a dramatic rally fueled by President Donald Trump’s announcement of a U.S. crypto strategic reserve, obliterating all gains sparked by the initial excitement. However, Tom Lee sees an incoming turning point for the crypto market after the latest sell-off. Speaking with CNBC , Lee referred to his prediction in mid-January, where he had indicated that the foremost crypto would fall back to the $70,000 zone, or even to as low as the $50,000 range before entering a full-blown bull run. At the time of the prediction, BTC was changing hands at around $91,600 after dropping from $103K highs just a few days prior. The fund strategist called it a “pretty normal correction” for a “hyper-volatile asset.” Now, Lee has stated that he expects Bitcoin “to do better than $150,000” this year, citing widening acceptance. “It’s becoming more widely held. You know, Citadel starts trading it, it starts to have more broad acceptance,” he posited. In his opinion, the brutal market correction was a “cyclical downturn” in the BTC price. How High Can Bitcoin Go In 2025? Bitcoin is down 8.8% over the past 24 hours as Trump’s tariffs take effect, trading hands for $83,298 as of publication time. With a White House Crypto Summit scheduled for March 7 , investors are now waiting for more clarity — or further turmoil — depending on how the talks go. Although the Fundstrat executive did not share a 2025 Bitcoin price target during the Monday interview, he has previously speculated that the apex crypto could top $250,000 . Meanwhile, Matthew Sigel, the head of digital assets research at asset management firm VanEck, predicts Bitcoin will smash $180,000 by the end of 2025, while Bitfinex analysts anticipate a $200,000 BTC price.
