Investment bank H.C. Wainwright & Co. believes Bitcoin's (CRYPTO: BTC) correction could soon run its course, suggesting that the leading cryptocurrency may establish a solid floor around the $65,000 mark within the next few weeks.
What Happened: Despite near-term turbulence triggered by global tariff tensions, analysts at the firm are maintaining their long-term bullish stance with an unchanged year-end 2025 price target of $225,000.
In its latest industry update, the firm highlighted that Bitcoin's current decline, roughly 30% from its January 2025 all-time high of $109,358, is not unprecedented.
Drawing from patterns observed in previous market cycles, analysts note that Bitcoin has historically undergone temporary drawdowns of around 40% within a year following a halving event, typically before resuming its upward momentum.
"If historical patterns repeat," the report stated, "BTC could find a bottom within the next month or so at ~$65,000."
This projection comes nearly a year after Bitcoin's most recent halving on April 19, 2024.
Also Read: Ripple Acquires Prime Broker Hidden Road For $1.25 Billion
Why It MattersL Despite the market sell-off spurred by President Trump's surprise announcement of sweeping tariffs on dozens of countries, H.C. Wainwright sees this volatility as largely priced in.
The firm remains optimistic about a second-half recovery, fueled by improving regulatory clarity, potential interest rate cuts, and expanding global liquidity.
"We expect the confluence of a favorable crypto regulatory environment, rate cuts, and rising global liquidity to drive prices materially higher," the analysts wrote.
At present, Bitcoin is trading at approximately $77,949, down about 8% since the tariff announcement but still outperforming other digital assets and major stock indices.
Ethereum (CRYPTO: ETH) and other top altcoins have dropped over 15%, while the Nasdaq has declined roughly 12%.
Even amid these market conditions, H.C. Wainwright reaffirmed its bullish outlook on CleanSpark (NASDAQ:CLSK), citing its operational scale and resilience.
"CleanSpark remains our top pick in the BTC mining sector," the report noted.
Read Next:
Image: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
