Galaxy: Bitcoin May Not Have Bottomed Yet, Sees $40K–$46K Base-Case Floor by Late 2026
Galaxy Research said Bitcoin may not have reached its cycle bottom yet, noting that only 4 of 13 historical bottom indicators have been triggered so far. Based on on-chain and market data, the firm estimates a base-case bottom range of $40,000–$46,000, with a deeper capitulation scenario potentially pushing BTC to $30,000–$37,000.