- Equities and metals surged in 2025; silver 160%, gold 66%, S&P 500 17%, Nasdaq 21%, while Bitcoin fell 5%.
- Analysts forecast 2026 Bitcoin $143k–$170k, Ethereum $7k–$9k; equity growth optimism widely priced in across markets.
- Easing U.S. monetary policy, clear crypto regulations, and ETF infrastructure may boost institutional adoption and repricing.
Global markets closed 2025 with strong gains in equities and metals, while crypto lagged. Silver rose 160% and gold gained 66%. Major stock indices delivered solid returns, including Nikkei and Hang Seng at 29%, DAX 24%, FTSE 22%, Nasdaq 21%, and S&P 500 17%. Meanwhile, Bitcoin ended the year down around 5%, despite institutional inflows and ETF activity.
Wall Street and Crypto Projections for 2026
Major institutions are already forecasting 2026 market trends. Wall Street surveys project the S&P 500 between 7,100 and 8,100. Analysts note optimism for equities is widely priced in. Crypto expectations differ sharply.
Standard Chartered targets $150,000 for Bitcoin, JPMorgan $170,000, and Citi has a base case of $143,000, with a bull case near $189,000. Ethereum forecasts by Tom Lee suggest $7,000–$9,000 by early 2026. ARK Invest’s Cathie Wood predicts $500,000 Bitcoin long-term if institutional adoption rises.
Economic Indicators Driving Market Dynamics
The U.S. economy slowed in 2025 but avoided recession, with GDP growing near 4.3% by year-end. Inflation fell to around 2.7%, with real-time trackers dipping below 2% at times. Unemployment rose from 4.1% to 4.6%, pressuring the Federal Reserve toward easing policy.
Globally, liquidity increased as China, Japan, India and the U.S. introduced monetary and fiscal support. Rising liquidity typically boosts risk assets, while underperforming assets, including crypto, may reprice fast.
Regulatory Clarity and Crypto Market Structure
Crypto enters 2026 with clearer regulations, particularly in the U.S. The anticipated market structure bill aims to curb manipulation and improve institutional access. ETF filings and custody infrastructure indicate growing institutional participation beyond Bitcoin and Ethereum.
Combined with easing monetary policy, positive GDP, and cooling inflation, crypto begins the year as an underperforming asset class, while other markets have largely priced in optimism. Markets closed 2025 with uneven performance, with potential for fast repricing in crypto, as liquidity, policy and regulatory clarity converge.