Tom Lee: Expects Bitcoin to Reach $200-250K by Year-End, Ethereum Target at $1-1.2K

On September 24th, according to The Block, Tom Lee, the chairman of BitMine, stated during the 2025 South Korea Blockchain Week Impact Summit that he forecasts Bitcoin will reach $200,000 to $250,000 by the end of the year, and Ethereum is aiming for $10,000 to $12,000. “I remain bullish on Bitcoin as it usually performs strongly in the fourth quarter, and the Fed's shift from being hawkish to dovish is a positive factor.” He further added that this prediction is in line with the target set by Mark Newton, the chief market technician of Fundstrat. “The Ethereum-to-Bitcoin ratio should return to its historical average or its five-year high.” Lee analyzed. “Based on a Bitcoin of $250,000, the year-end target range for Ethereum is $10,000 to $12,000.” He expects Ethereum to surpass its previous high, and the true price discovery will occur in the range of $12,000 to $15,000, emphasizing that “this is far from Ethereum's peak.”