The bank's analysis suggests that bitcoin's cycle is likely approaching a low point soon, advising investors to concentrate on networks that demonstrate sustainable value growth.
By Will Canny, AI Boost|Edited by Nikhilesh De Jul 1, 2026, 3:11 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Cantor Fitzgerald indicates bitcoin bear market may be nearing an end. (Pixabay)SummaryShow- Cantor believes bitcoin is likely in the latter phases of its current bear market, with historical trends suggesting a possible low around October.
- The next successful cryptocurrencies will be those that can convert usage into enduring token demand via cash flow or monetary value.
- Digital asset treasury firms are transitioning from passive holders of tokens to active businesses that may serve as vital links between traditional finance and the crypto sector, according to the bank.
Cantor Fitzgerald, a prominent Wall Street bank, has stated that the cryptocurrency market is likely approaching the final phase of its current bear market, citing bitcoin's BTC$60,076.06 historical trading trends as indicative of a potential market bottom in the near future.
According to analysts led by Gareth Gacetta, "We believe we are only a few months away from the bottom of this pullback," as mentioned in their report released on Tuesday.
As of June 10, bitcoin was 252 days beyond its peak in 2025 and had fallen approximately 51%. In the last three market cycles, BTC typically bottomed out around 384 days post-peak, suggesting that if historical patterns hold true, this downturn could hit a low in late October. The analysts noted that while this model is not a precise timing mechanism due to macroeconomic, regulatory, and geopolitical uncertainties, the inherent reflexive nature of crypto markets means that past cycles can reinforce themselves.
At the time of publication, bitcoin was trading near $59,500.
With the market nearing a possible turning point, the report emphasized the importance for investors to pivot from speculative investments to those networks that exhibit sustainable value growth.
Recent months have seen crypto markets struggling, with bitcoin dropping over 50% from its late-2025 peak following a significant selloff in June driven by ongoing ETF outflows, high interest rates, and a weaker appetite for risk.
During this downturn, Ether (ETH) and many major altcoins have lagged behind bitcoin, although certain sectors like decentralized finance (DeFi) and tokenization have displayed relative strength.
While crypto adoption is growing in areas such as stablecoins, tokenized real-world assets, on-chain credit, and DeFi, Cantor posits that mere usage does not equate to token value. Instead, the long-term winners will be those that can turn activity into sustainable cash flow or lasting monetary demand.
Cantor highlighted Hyperliquid as a prime example of token economics driven by fees through HYPE buybacks and burns, while bitcoin is recognized as the benchmark monetary asset and Ethereum as the leading collateral layer for on-chain finance.
Solana, Sui, XRP, and Zcash each possess unique strengths, according to the report, but they still need to demonstrate their ability to convert ecosystem growth into lasting token demand.
The bank also pointed out the rise of digital asset treasury firms as an underappreciated investment opportunity, arguing that the strongest companies are evolving from being passive crypto holders to active operators that generate yield, develop infrastructure, and provide institutional access to digital assets.
It has 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.
Read more: Citi slashes 12-month bitcoin, ether targets as ETF flows dry up
Cantor FitzgeraldDigital Asset TreasuryBitcoin NewsAI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.Related AssetsBitcoin$60,076.063.03%Latest Crypto News- 1Goliath Ventures CEO pleads guilty in $400 million crypto Ponzi case53 minutes ago
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