Bitwise CIO Matt Hougan suggests that the cryptocurrency market may be nearing a sentiment bottom, with Bitcoin potentially reaching new highs by year-end. Despite retail investors experiencing "extreme desperation," institutional investors and financial advisors are increasing their Bitcoin holdings. Bitcoin recently dipped below $100,000, marking a new low since June, yet ETFs like iShares Bitcoin Trust, Fidelity Wise Origin, and Grayscale continue to see net inflows. Hougan anticipates that Bitcoin could break through the $125,000 to $130,000 range, setting a new all-time high. Additionally, the Bitwise Solana Staking ETF attracted over $400 million in its first week, although it subsequently fell by about 20% in line with the broader market downturn.