Coinbase CEO Brian Armstrong expressed his belief that Bitcoin has likely bottomed around the $60,000 level, striking a bullish long-term tone and forecasting significantly higher prices by 2030. In a video posted on X on June 15, 2026, Armstrong said, “I think Bitcoin is the new digital gold. It’s going to be a key part of our economy going forward. My instinct is we’ve probably bottomed at this point, maybe at the $60,000 number, but nobody can say for sure.”
Armstrong anchored his view on Bitcoin’s four-year halving cycle, which has historically delineated bull and bear phases. Bitcoin had tumbled roughly 50% from its October 2025 all-time high of $126,000, hitting a low of $59,743 on June 5 — its cheapest since October 2024. However, a geopolitical détente between the U.S. and Iran over the Strait of Hormuz helped push prices back above $67,000 by Monday.
Some analysts see critical technical hurdles. One flagged the $66,100–$66,300 range as major resistance; a rejection there could spark a deeper pullback toward $60,000 and potentially $56,300. Meanwhile, on-chain analytics firm CryptoQuant cautioned that while Bitcoin entered a historically valuable zone near its realized price of around $53,600, demand conditions remain deeply negative and ETF flows have yet to stabilize. Armstrong acknowledged the uncertainty, noting that “derivatives, stablecoins and prediction markets are all up — it will take time for this to be absorbed.” The contrast between a price bottom and a confirmed recovery, as CryptoQuant emphasizes, remains unresolved.
