Tom Lee sees BTC at $250K, ETH at $12K by year-end

Tom Lee, founder of Fundstrat and chairman of Bitmine, predicted at KBW 2025 that Bitcoin could reach between $200,000 and $250,000 by the end of the year, with Ethereum potentially hitting a range of $10,000 to $12,000. He explained that this forecast is based on the market's historical tendency to rally in the fourth quarter. Lee added that the Federal Reserve's recent pivot from a hawkish to a dovish stance is also creating a favorable environment for risk assets.