JPMorgan Chase: Bullish on Cryptocurrency Market, Expects Explosive Growth by 2026

On February 12, TheStreet reported that the cryptocurrency market has yet to recover from the October 11 crash. The total market capitalization of digital assets has fallen from $3.1 trillion a month ago to $2.3 trillion currently. Despite broad bearish sentiment in the market following the crash, JPMorgan remains bullish on the crypto space for 2026. The bank recently noted that institutional inflows and regulatory clarity are expected to solidify gains in the digital asset market. In a report, the JPMorgan analyst team led by Nikolaos Panigirtzoglou wrote: “We’re bullish on the 2026 crypto market—we expect further inflows into digital assets, but this round of growth will be driven more by institutional investors.” JPMorgan analysts currently peg Bitcoin’s production cost at roughly $77,000 per coin, which could form a new price equilibrium level after miner capitulation. If BTC trades below this threshold for an extended period, it may force some miners to exit the market. However, the bank’s analysis suggests this will also lower Bitcoin’s overall production cost, triggering a self-correcting mechanism.