Bill Miller IV, son of legendary investor Bill Miller, has joined a growing group of analysts forecasting that Bitcoin will reach a new all-time high this year, driven by regulatory momentum in the United States and expanding adoption across Wall Street.
“Technicals are really starting to line up, and it looks ready to go again. I personally expect it to break out to a higher high than its previous all-time peak from the fall,” said Miller, chief investment officer at Miller Value Partners, in comments to CNBC on Monday.
Miller pointed to remarks from US Securities and Exchange Commission Chair Paul Atkins indicating that capital markets are increasingly moving onchain, while noting that major Wall Street institutions such as JPMorgan continue to build and expand onchain infrastructure.
“It’s a whole new ballgame.”
“All of this is massively positive for Bitcoin, which appears to have established a higher base than it did in the spring of 2025,” he said.
Miller added that Bitcoin’s roughly 6% decline last year — and its underperformance relative to gold — was not a major concern given the asset’s inherent volatility, urging investors to “zoom out” when evaluating price charts.
Viewed over a longer time horizon, Bitcoin has never recorded two consecutive years of losses.
Bitcoin is trading at around $93,750, down 25.6% from its all-time high of $126,080 set on Oct. 6, but up 7.1% so far in 2026, according to CoinGecko data.
In a separate interview with CNBC, Fundstrat Capital chief investment officer Tom Lee said Bitcoin entered 2026 with several key tailwinds.
“We effectively reset leverage on Oct. 10 with that major shock,” Lee said. “Institutional adoption is still progressing, Wall Street continues to build products on the blockchain, and we now have support from the US government.”
”So I think these are tailwinds that help Bitcoin recover this year.”
Bitcoin could trade between $50,000 and $250,000
While Lee did not offer a new price target for Bitcoin in 2026, he said in mid-December that the cryptocurrency could reach a fresh all-time high by the end of January.
Dragonfly managing partner Haseeb Qureshi said last week that Bitcoin could climb above $150,000 by the end of 2026, while also warning that Bitcoin dominance may decline.
Meanwhile, crypto investment firm Galaxy Digital declined to provide a firm forecast, describing 2026 as “too chaotic” to model with confidence. The firm said Bitcoin’s price could plausibly end the year anywhere between $50,000 and $250,000.
