Bitcoin (BTC): Tom Lee targets $200,000 by the end of 2026, ETFs in positive flow for the 6th week

At the Consensus 2026 conference, Tom Lee, chairman of Bitmine Technology, reiterated his optimistic forecasts for Bitcoin (BTC) and Ethereum (ETH) through the end of 2026. While Bitcoin has held a critical support level between $74,000 and $79,000 since mid-April, Lee anticipates a breakout above its all-time highs (ATH) by December 2026, with a price range of $150,000 to $200,000 . For Ethereum, he points to a potential of $9,000 to $12,000 , justifying these projections by the onset of a "Crypto Spring" and the resilience of inflows into spot Bitcoin ETFs. The facts Tom Lee's forecasts rest on several key indicators. First, Bitcoin has been oscillating for several weeks around a technical support located between $74,000 and $79,000 , without recording any major break to the downside. Second, flows into spot Bitcoin ETFs have posted six consecutive weeks of net positive inflows , a first in nine months. This trend reflects a gradual improvement in the confidence of institutional and retail investors. Tom Lee also emphasizes that the growing adoption of ETFs and an improving macroeconomic sentiment could catalyze a lasting recovery in prices. He believes the crypto winter is now over, with a gradual rebound in digital assets. These prospects come at a time when U.S. regulators could soon clarify the legal framework for cryptocurrencies, notably through a Senate vote on crypto legislation. Why it matters Tom Lee's forecasts, though very optimistic, could have a significant impact on investor confidence. A confirmed upward trajectory for Bitcoin and Ethereum could create a spillover effect across the entire crypto market, including major altcoins. Positive Bitcoin ETF flows, if sustained, would reinforce this momentum by attracting more institutional capital. However, these projections remain subject to major risks. Macroeconomic uncertainties, particularly those linked to the monetary policies of major central banks, as well as regulatory changes, could influence market volatility. Clearer crypto legislation in the United States, for example, could either accelerate or slow the adoption of digital assets. What to Watch The upcoming U.S. Senate vote on crypto legislation, which could influence the regulatory dynamics and investment flows. The trend in Bitcoin ETF flows: a seventh consecutive week of positive flows would confirm the current bullish trend. Bitcoin's ability to hold support between $74,000 and $79,000 without a downward break. The impact of Tom Lee's forecasts on investor sentiment and market volatility. Macroeconomic and regulatory announcements that could alter the trajectory of cryptocurrencies by the end of 2026. Analysts and investors should remain attentive to these factors in order to assess the robustness of the forecasts and adjust their strategies accordingly.