Ethereum could surge to $12,000 and Bitcoin to $200,000 by year-end, says Tom Lee.

Fundstrat co-founder Tom Lee predicts a strong rally in the crypto market by the end of 2026, with Ethereum potentially reaching $12,000 and Bitcoin hitting $200,000. Lee believes the 'crypto winter' has ended, leading to renewed institutional interest and a reversal of negative sentiment from earlier in the year. His bullish outlook is based on signs of market bottoming, including widespread retail investor capitulation. Despite some criticism, Lee expects 2026 to break previous downtrend patterns and deliver significant gains for major cryptocurrencies.