Key HighlightsWall Street firm Cantor Fitzgerald believes Bitcoin has entered the concluding phase of its bear marketAnalysis of past cycles points to a possible trough in late October 2026BTC has declined approximately 51% from its 2025 all-time high, currently near $59,500Analysts highlight Hyperliquid, Ethereum, and Bitcoin as prime selections for sustained valueCoverage initiated on two digital asset treasury firms with bullish ratingsMajor Wall Street institution Cantor Fitzgerald projects that Bitcoin could reach its cyclical floor within the coming months. In a comprehensive Tuesday analysis authored by Gareth Gacetta and team, the firm stated that digital asset markets are transitioning into the terminal phase of the ongoing bearish period.JUST IN: Wall Street bank giant Cantor Fitzgerald says Bitcoin is entering the final stages of the bear market "Ultimately, our belief is that we are only a few months away from the bottom of this pullback" pic.twitter.com/xuMK0sl2Eh— Bitcoin Magazine (@BitcoinMagazine) July 1, 2026Data as of June 10 reveals Bitcoin has been trading 252 days beyond its 2025 zenith, registering a roughly 51% decline. Analysis of the prior three market cycles shows Bitcoin historically reached its nadir an average of 384 days following peak prices. Applying this framework to current conditions suggests a potential bottom around late October 2026.The financial institution emphasized that this analytical framework shouldn’t be viewed as an exact forecasting instrument. Variables including macroeconomic conditions, regulatory developments, and international political tensions could alter the timeline. However, the firm observed that cryptocurrency’s self-reinforcing characteristics mean historical patterns often repeat themselves.At press time, Bitcoin was changing hands near the $59,500 level.Bitcoin (BTC) PriceThe wider cryptocurrency marketplace has faced headwinds over recent months. An aggressive June correction, fueled by continuous ETF capital withdrawals, elevated borrowing costs, and diminished appetite for risky assets, drove Bitcoin more than 50% beneath its late-2025 record.Ether alongside most prominent alternative cryptocurrencies have lagged Bitcoin throughout this downturn. Select segments, particularly decentralized finance protocols and asset tokenization projects, have demonstrated comparative strength.Cantor’s Value Investment ThesisAs markets approach a prospective inflection point, Cantor advised investors to pivot away from speculative positioning toward blockchain networks demonstrating sustainable value capture mechanisms.The institution stressed that transaction volume alone doesn’t guarantee token appreciation. Projects positioned for long-term success must transform network activity into consistent revenue streams or enduring monetary demand.Cantor identified Hyperliquid as the most transparent example of fee-based token economics, highlighting its buyback and burn mechanism. Bitcoin received recognition as the foundational monetary asset. Ethereum earned designation as the preeminent collateral infrastructure for onchain financial systems.Solana, Sui, XRP, and Zcash each possess unique competitive advantages, according to Cantor’s assessment, though these networks must still demonstrate ability to convert ecosystem expansion into persistent token value.The bank additionally spotlighted digital asset treasury corporations as an underappreciated investment category. It noted that leading companies in this space are evolving beyond simple cryptocurrency custody toward active operations generating yield and developing critical infrastructure.Cantor launched coverage of Forward Industries and Cypherpunk Technologies with overweight recommendations. Price objectives were established at $7.90 and $0.90, respectively.Broader Market LandscapeInformation from CoinShares indicates BTC-focused investment vehicles have dominated net capital inflows to cryptocurrency products throughout 2026. Nasdaq documented IPO volume reaching $129.3 billion on its exchange during the initial six months of 2026.A Bitcoin recovery could serve as a trigger for increased exchange listings and venture capital deployment across the blockchain sector. Regulatory transparency from authorities like the SEC continues to represent a critical factor.Primary downside threats include macroeconomic turbulence and regulatory ambiguity. Key upside catalysts encompass enhanced ETF infrastructure and more favorable market architecture.The post Bitcoin (BTC) Bear Cycle Could Conclude by Late 2026, Cantor Fitzgerald Predicts appeared first on Blockonomi.