The son of legendary investor Bill Miller has joined a chorus of analysts predicting Bitcoin will set a new all-time high this year, buoyed by regulatory momentum in the US and continued institutional adoption. Bill Miller IV, Chief Investment Officer at Miller Value Partners, told CNBC on Monday that technical indicators are aligning favorably. "Technicals are really starting to line up and it looks like it's ready to go again. I personally expect it to break out to a higher high than its all-time high from the fall," he stated.
Miller IV cited comments from US Securities and Exchange Commission (SEC) officials about capital markets moving onchain and pointed to Wall Street heavyweights like JPMorgan continuing to build onchain infrastructure, calling it a "whole new ballgame." He emphasized that Bitcoin's 6% decline and underperformance relative to gold in 2025 was not a "big deal" given its inherent volatility, advising investors to "zoom out" on charts. He highlighted a key historical pattern: Bitcoin has never seen two consecutive years of negative returns.
According to CoinGecko data, Bitcoin is currently trading at $93,750, down 25.6% from its October 6 all-time high of $126,080 but up 7.1% year-to-date in 2026.
In a separate CNBC interview, Fundstrat Capital CIO Tom Lee echoed the optimistic sentiment, stating Bitcoin entered 2026 with several tailwinds. "We kind of reset leverage on October 10th with that big shock, right? And now I think there is still institutional adoption taking place, Wall Street is still building a lot of products on the blockchain, and then we have US government support," Lee said. He believes these factors will help Bitcoin recover this year.
While Lee did not provide a fresh specific price target for 2026, he said in mid-December that Bitcoin could hit a new high by the end of January. Other industry figures have also weighed in: Haseeb Qureshi, managing partner at Dragonfly, predicted Bitcoin would be above $150,000 by the end of 2026. Galaxy Digital offered a wide range, suggesting the price could land anywhere between $50,000 and $250,000 by year's end, calling 2026 "too chaotic" for a solid estimate.
