Can ETH double in Q1 2026? Here's how Wall Street analysts view it.

Fundstrat founder Tom Lee recently made a bold prediction: ETH is expected to soar from its current price to $7,000 in the coming months, representing a rise of 147%. This analyst's company, BitMine, holds over $10 billion worth of Ethereum, so his views have naturally drawn attention.

What is his logic?

ETH, as the fuel of the Ethereum ecosystem, requires payment for every DApp interaction, smart contract trigger, and token transfer—this creates a continuous demand base. With decentralized applications like Uniswap booming (in 2024, stablecoins are expected to handle transaction volumes of $15.6 trillion, surpassing Visa and Mastercard), Lee believes that this wave of “decentralized finance revolution” has just begun.

Is this goal reliable?

Short-term ($7,000) It's actually not bad: it's only 40% higher than the historical high point ($4,946), and the current market cap is about $845B, still less than Bitcoin's $1.7T. However, a significant turnaround in market sentiment is needed.

Long-term ($62,000 by 2035) is hanging in the balance: ETH's market cap needs to reach $7.5T, surpassing all existing large companies. Moreover, Solana's low fees and high TPS are competitive, and ETH is also facing congestion issues (15 TPS vs thousands of TPS for Solana).

Key Risks: Lee himself holds a huge position, and his optimistic predictions are inevitably driven by interests. This bet may not be stable.