Michael Saylor Declares Bitcoin Bottom In, Forecasts Return to $100,000

Strategy executive chairman Michael Saylor says bitcoin has likely completed its latest decline and is entering a new upward phase, arguing that the cryptocurrency could climb back above $100,000.

Speaking to Bloomberg Television, Saylor said bitcoin’s recent low was reached at a level slightly below $60,000. From there, he described the market as being at “the beginning of a bull market,” suggesting that the digital asset may be preparing for another extended advance after a period of weakness and uncertainty.

“We hit the bottom around slightly below $60,000,” Saylor said. “[Bitcoin] will march forward […]”

His comments amount to a strongly bullish assessment of bitcoin’s next major move. Rather than viewing the retreat below $60,000 as part of a broader collapse, Saylor characterized it as a completed correction and a potential foundation for renewed gains. His forecast places a return above the psychologically important $100,000 threshold at the center of the market’s next phase.

Bitcoin’s price history is marked by sharp rallies followed by equally pronounced declines. Because of those swings, traders often focus on whether a drop represents a temporary correction within a longer advance or the beginning of a more damaging downtrend. Saylor’s interpretation is that the latest weakness belongs to the first category.

The level he identified as the market bottom is important because investors frequently treat prior lows as reference points for future trading decisions. A sustained move above such a level can encourage buyers to return, while a break below it may reinforce bearish sentiment. By placing the floor just under $60,000, Saylor is effectively arguing that bitcoin has established a base from which it can build momentum.

His projection of a move above $100,000 would represent a substantial recovery from that low. It also revives one of the most closely watched price targets in the cryptocurrency market. The $100,000 mark has become a symbolic milestone for bitcoin, attracting attention from institutional investors, individual traders and companies with direct exposure to the asset.

Saylor has long been among bitcoin’s most prominent corporate advocates. Through Strategy, the company formerly known as MicroStrategy, he has consistently promoted bitcoin as a long-term asset and made the cryptocurrency central to the company’s financial strategy. That background gives his market outlook considerable visibility, but it also means that investors may view his comments through the lens of his well-established bullish position.

The Bloomberg interview did not establish that bitcoin will definitely reach the target, nor did it provide a timetable for such a move. Saylor’s remarks were a market prediction rather than a guarantee. Bitcoin’s performance can be affected by investor appetite for risk, changes in financial conditions, regulatory developments and activity across the wider digital-asset sector. Those factors can shift quickly, often producing large price movements in either direction.

A rise from below $60,000 to more than $100,000 would require sustained demand rather than a brief trading surge. For that reason, market participants are likely to watch whether bitcoin can maintain gains, attract fresh buying and hold above key support levels as the recovery develops. A move back toward six figures could also renew debate over valuation and whether the market is beginning another major cycle.

Saylor’s statement comes against the backdrop of continued efforts by bitcoin investors to identify the point at which selling pressure has eased. Market bottoms are usually recognized only in hindsight, and attempts to call them in real time carry considerable uncertainty. Prices can revisit earlier lows even after an initial rebound, particularly when confidence remains fragile.

Still, his message was unequivocal: the decline to just under $60,000 marked the end of the downturn, in his view, and bitcoin is now positioned to advance. The expectation that it will “march forward” frames the coming period as one of recovery and expansion rather than continued deterioration.

For investors, the central question will be whether market behavior supports that interpretation. Bitcoin must convert the suspected bottom into a durable base before a return above $100,000 becomes more than a bullish forecast. Until then, Saylor’s outlook will remain one of the clearest high-profile calls that the cryptocurrency’s next major move could be higher.