Wall Street · Bitcoin · CoinDesk
Cantor confirms bitcoin bear market may be entering final stretch
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Wall Street bank Cantor Fitzgerald said crypto markets are entering the final stage of the current bear cycle, with bitcoin's BTC $ 60,750.45 historical trading patterns pointing to a potential bottom in the coming months.
Key facts
- It initiated coverage of digital asset treasury companies Forward Industries (FWDI) and Cypherpunk Technologies (CYPH) with overweight ratings and price targets of $7.90 and $0.90, respectively
- As of June 10, bitcoin was 252 days past its 2025 peak and down about 51%
- Wall Street bank Cantor Fitzgerald said crypto markets are entering the final stage of the current bear cycle, with bitcoin's BTC $ 60,750.45 historical trading patterns pointing to a potential
- Crypto markets have struggled in recent months, with bitcoin falling more than 50% from its late-2025 peak after a sharp June selloff driven by persistent exchange-traded fund (ETF) outflows
Summary
Cantor said bitcoin is likely in the late stages of its current bear cycle, with historical patterns pointing to a potential bottom around October. The next crypto winners will be networks that translate usage into lasting token demand through cash flow or monetary premium. Digital asset treasury companies are evolving beyond passive token holders into active operating businesses that could become key bridges between traditional finance and crypto, the bank said. "Ultimately, our belief is that we are only a few months away from the bottom of this pullback," analysts led by Gareth Gacetta said in the Tuesday report.