Haseeb Qureshi of Dragonfly predicts Bitcoin could reach $150,000 by late 2026 even as its market dominance declines. The forecast arrives while BTC trades below $90,000, far from its October high near $126,000.
What Happened: Partner Sees Sharp Contrasts
Qureshi released a detailed outlook projecting 2026 as a year of sharp contrasts for the crypto market, with major price gains alongside shifts in market structure.
He expects Bitcoin's price to rise significantly while capital rotates into other large networks, reducing BTC's share of total crypto market capitalization.
This pattern would reflect a more mature market where investors allocate funds beyond Bitcoin once confidence returns.
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Why It Matters: Competing Predictions
The bullish outlook contrasts sharply with warnings from other analysts who believe Bitcoin's bear market continues. 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, with projections pointing to a possible drop toward the $64,000-$70,000 range and a delayed market bottom later in 2026.
Qureshi said Ethereum and Solana are likely to overdeliver in 2026, benefiting from strong developer activity and their positions as neutral infrastructure layers.
He warned that several newer chains, particularly those tied to financial services and consumer-facing fintech use cases, may disappoint on on-chain activity metrics including daily active users and transaction flows. The best developers concentrate on established, open platforms rather than networks associated with specific companies or business models.
Qureshi also predicted 2026 could mark a turning point for crypto's relationship with major technology companies.
He expects at least one major tech company, such as Google, Apple, or Meta, will either launch its own crypto wallet or acquire an existing one, indicating that crypto wallets are becoming standard digital financial infrastructure rather than a niche product for enthusiasts, with more Fortune 100 companies likely to begin using blockchain rails, particularly in banking and fintech sectors.
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