JPMorgan sees crypto in "self-correction" as Bitcoin lags $77,000 cost and long-term goal set at $266,000

On 13 February 2026, JPMorgan analysts led by Nikolaos Panigirtzoglou described crypto as undergoing a "self-correction" ahead of a potential 2026 recovery. They cited Bitcoin's mid-$60,000 move below an updated ~$77,000 production cost, anticipated U.S. regulatory clarity as a catalyst for institutional inflows, and reaffirmed a long-term $266,000 target.