“Bitcoin has never looked more attractive”: Wall Street analyst

Stock market analysts agreed that bitcoin (BTC) could hit new price records later this year. This was expressed during a panel at «Bitcoin for Corporations 2026.» This event was held on February 24 in Las Vegas and was organized by Strategy, the public company with the most holdings in the digital asset.

One of the participants was Lance Vitanza, managing director y senior analyst of the Equity Research Group at TD Cowen. The specialist He acknowledged that he expected higher prices towards the end of 2025, but indicated that the market experienced «a collapse» that does not erase its long-term expectations.

“When I compare the price relative to fundamentals, bitcoin has never looked more attractive, it has never looked cheaper to me,” he said. The comment takes place while it is trading almost 50% less than its historical maximum of USD 126,000 marked in October 2025, as reported by NoticiasVE.

The analyst maintained that conceive bitcoin mainly as digital gold and not just as a price bet. “I see it as a better way to store and transfer value across time and space, over long periods and over great distances,” he added. This is due to the scarcity of the asset, which facilitates its rise in the face of demand, unlike assets with unlimited issuance such as conventional fiat currencies.

In Vitanza’s opinion, the main downward risk for the market is «apathy» about money. «People in general have become accustomed to the idea that the value of their currency is going to drop by 90% over their lifetime and there does not seem to be any urgency to address it. “They almost take it for granted,” he explained.

“Apathy means that, despite all its superior technical attributes, we may see the pace of bitcoin adoption very slow,” he said. In his view, this factor could limit bullish pressure in the short term. Although he believes that the price could reach USD 177,000 towards the end of 2026.

Observation on the Clarity Law

Mark Palmer, managing director y senior equity research analyst at Benchmark-StoneX, who showed a similar view. “If you look at the extent of this decline, we are not yet close to the point where we have seen previous reductions that were 70 to 80%,” he said.

Therefore, in his opinion, the price could reach a correction of such magnitude if macroeconomic pressures continue. Although he made the reservation that that would not only affect bitcoinbut simultaneously to other risk assets.

In this scenario, the analyst highlighted as a possible bullish catalyst the eventual approval of the Clarity Act in the United States, an initiative aimed at classifying crypto assets among securities y commodities. As he explained, this framework could attract additional institutional investment to the market.

“So, we might be in a little winter storm right now, but you can see spring just around the corner,” Palmer said. He even indicated that sees it possible for bitcoin to reach USD 225,000 at the end of 2026, if the legislation is finalized.

Corporate adoption and market maturation

For his part, Andrew Harteequity research analyst at BTIG, who completed the trio of analysts on stage, highlighted the growing business interest seen during the conference. “There are dozens of software companies that actually came to add bitcoin to their balance sheet,” he mentioned.

According to their perspective, the price drop reflects a process of cleaning up the accumulated leverage in the system. He described this moment as a stage of market maturation.

However, he warned that volatility continues to condition institutional perception. “Bitcoin is always at a level where institutions feel they can’t support it,” he explained, underscoring its sensitivity to macroeconomic factors.

He recalled that the market had an abrupt fall with the outbreak of the COVID-19 pandemic in March 2020. However, he distinguished that this only reflected the response to macroeconomic expectations, not something that affected only the asset.

This is something he believes will continue to happen and keep some investors on the sidelines. However, he maintains his long-term bullish expectations. “We feel very confident,” he said, calling the current level near $60,000 “a really attractive price to enter.”