JPMorgan has adopted a bullish outlook on the cryptocurrency market for 2026, driven by increasing institutional inflows and clearer regulatory frameworks. Analyst Nikolaos Panigirtzoglou highlighted that Bitcoin, which recently fell below its estimated production cost of $77,000, is approaching a new equilibrium. This adjustment is aided by miner capitulation, which is expected to help the market self-correct over the medium to long term. The U.S. is advancing towards more comprehensive crypto legislation, including the Clarity Act, which is anticipated to further attract institutional investors. These developments are expected to significantly boost digital asset inflows throughout 2026, according to JPMorgan's analysis.