Dragonfly partner Haseeb Qureshi has predicted that 2026 will be a year of sharp contrasts for the crypto market, with major gains in headline prices alongside shifts beneath the surface.
In a detailed outlook, Qureshi said Bitcoin could climb above $150,000 by the end of 2026, even as its dominance over the broader crypto market declines.
Bitcoin to $150K or $70K First?
The forecast comes at a time when Bitcoin has struggled to regain momentum. Despite multiple attempts, the asset has remained stuck below the $90,000 level and has failed to build on its all-time high of around $126,000 reached in October. According to Qureshi, this uneven performance does not rule out a strong comeback.
Instead, he expects BTC’s price to rise significantly while capital gradually rotates into other large networks, which is expected to reduce Bitcoin’s share of the total crypto market. He suggested that this pattern would reflect a more mature market, where investors are increasingly willing to allocate funds beyond BTC once confidence returns.
This bullish outlook stands in sharp contrast with warnings from other analysts who believe that Bitcoin’s bear market is far from over. Analysts such as Mr Wall Street and Doctor Profit describe the current environment as a bear market, where short-term rallies could act as liquidity traps before further declines. They argue that the crypto asset could still face a deeper downside, and some projections point to a possible drop toward the $64,000-$70,000 range and a delayed market bottom later in 2026.
From Dev Activity to Big Tech Wallets
Moving beyond Bitcoin, Qureshi said Ethereum and Solana are likely to “overdeliver” in 2026, as they benefit from strong developer activity and their positions as neutral infrastructure layers.
At the same time, he warned that several newer chains, particularly those closely tied to financial services and consumer-facing fintech use cases, may fail to live up to the excitement surrounding them. While these projects have attracted attention for focusing on areas such as payments, stablecoins, and real-world assets, Qureshi expects their on-chain activity metrics, including daily active users and transaction flows, to disappoint.
He said the best developers are still likely to concentrate on established, open platforms rather than networks that are more tightly associated with specific companies or business models. As a result, Ethereum and Solana could very well continue to attract talent and usage, while some newer chains struggle to convert early interest into lasting traction.
Qureshi also made a broader prediction about corporate adoption, wherein he said that 2026 could be a turning point for crypto’s relationship with Big Tech. He expects that at least one major technology company, such as Google, Apple, or Meta, will either launch its own crypto wallet or acquire an existing one.
According to Qureshi, such a move would essentially indicate that crypto wallets are becoming a standard part of digital financial infrastructure rather than a niche product for enthusiasts. He also added that more Fortune 100 companies are likely to begin using blockchain rails as well, particularly in the banking and fintech sectors. However, this adoption will not be evenly spread across all networks, and instead will concentrate around a smaller number of well-supported blockchain frameworks.
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