JPMorgan bullish on crypto for rest of year as institutional flows set to drive recovery

Wall Street bank JPMorgan maintains a constructive outlook on crypto for the remainder of 2026, anticipating that increased institutional inflows and greater regulatory clarity will fuel the next upward movement for digital assets. This optimism persists despite Bitcoin recently trading below the bank's estimated production cost of approximately $77,000, a level historically acting as a soft floor. JPMorgan analysts, led by Nikolaos Panigirtzoglou, believe the market dynamic is self-correcting, as prolonged low prices could pressure high-cost miners offline, eventually lowering the aggregate cost. Furthermore, Bitcoin's relative appeal has improved against gold, which has seen higher volatility. The expected rebound in digital asset flows is projected to be primarily driven by institutional investors, supported by potential U.S. regulatory progress, such as the passage of legislation like the Clarity Act.

(Source：CoinDesk)