Bitcoin Poised for New Highs as Wall Street and Regulators Embrace Onchain Finance

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Bitcoin Poised for New Highs as Wall Street and Regulators Embrace Onchain Finance

Bitcoin could be heading for a fresh all-time high in 2026 as regulatory momentum in the US and growing institutional adoption reshape the crypto market, according to prominent investors and analysts.

Bill Miller IV, chief investment officer at Miller Value Partners and son of legendary investor Bill Miller, says Bitcoin’s technical setup and shifting regulatory tone suggest the asset is preparing for another breakout.

“Technicals are really starting to line up, and it looks ready to go again”

Miller told CNBC on Monday, adding that he expects Bitcoin to surpass its previous record set in late 2025.

Regulatory signals and Wall Street adoption fuel optimism

Miller pointed to recent remarks from US Securities and Exchange Commission Chair Paul Atkins, who acknowledged that capital markets are increasingly moving onchain. He also highlighted the continued development of blockchain by major financial institutions, including JPMorgan.

According to Miller, these shifts mark a turning point for Bitcoin’s long-term outlook.

“It’s a whole new ballgame”

he said, arguing that Bitcoin has established a stronger price base than it did during its spring 2025 rally.

Despite Bitcoin falling 6% last year and lagging behind gold, Miller dismissed the pullback as insignificant given the asset’s historical volatility. He urged investors to take a longer-term view, noting that Bitcoin has never posted two consecutive losing years.

Analysts see wide range for Bitcoin in 2026

Bitcoin is currently trading around $93,750, down roughly 25% from its $126,080 all-time high recorded on October 6, but up more than 7% year-to-date.

Fundstrat Capital CIO Tom Lee echoed the bullish sentiment, saying Bitcoin entered 2026 with several tailwinds, including reduced market leverage, ongoing institutional adoption, and increasing US government support for digital assets.

“These are tailwinds that help Bitcoin recover this year”

Lee said, though he stopped short of issuing a precise price target.

Other market watchers remain divided on how high Bitcoin could climb. Dragonfly managing partner Haseeb Qureshi recently forecast Bitcoin above $150,000 by the end of 2026, while Galaxy Digital warned that market conditions remain too unpredictable, projecting a wide potential range between $50,000 and $250,000.