Tom Lee, managing partner at Fundstrat, predicts Bitcoin could reach $250,000 in 2026, citing the end of its deleveraging phase and increased blockchain adoption by banks. Lee argues that the stabilization of Bitcoin's market structure, driven by reduced forced selling and leverage unwinds, sets the stage for higher prices. He highlights the growing acceptance of blockchain technology by traditional banks, which enhances settlement efficiency and transaction finality. Lee uses Tether as an example of blockchain's structural efficiency, noting its projected $20 billion earnings in 2026 with a minimal workforce compared to traditional banks. He emphasizes that blockchain's ability to reduce operational overhead and improve efficiency supports Bitcoin's utility and relevance. As financial systems increasingly rely on blockchain, Lee believes Bitcoin will benefit, potentially reaching new highs this year.