尽管近期比特币（BTC）价格走势引发市场分歧，华尔街分析师依然对其长期前景保持乐观态度。整体来看，有观点认为，比特币可能很快重新进入价格发现阶段，其资产属性正在被市场重新定价，长期潜力依旧稳固。
在接受 CNBC 采访时，William Blair 的金融科技股票分析师 Andrew Jeffrey 表示，短期价格回调并未动摇他对比特币长期价值的判断。综合来看，2026 年初加密市场整体表现较 2025 年第四季度更为强劲，尽管 BTC 在一轮反弹后出现超过 2% 的回落，但此前涨幅一度接近 5%，显示市场仍具韧性。
针对近期价格波动，Jeffrey 认为，比特币的走势反映了其作为“尚未完全成熟资产”的特性。他指出，比特币当前市值已超过 1.9 万亿美元，但供应结构高度集中，约三分之一的比特币掌握在少数约 200 万个钱包中。这种集中度在市场承压时，往往会放大价格波动。
此外，他提到，近年来通过 ETF 进入市场的部分新投资者信心相对脆弱，在回调阶段更容易选择止盈或止损，从而加剧短期抛压。这种行为容易形成连锁反应，使价格在短时间内承受更大压力。不过，从中长期角度来看，他认为当前的避险情绪并不可持续。
从资产定位上分析，Jeffrey 强调，比特币正逐步被市场视为一种价值储存工具，而非支付手段。他认为，稳定币更适合用于日常交易，而比特币的核心优势在于稀缺性与长期保值潜力。综合判断，比特币未来市值有望持续扩张，甚至在长期内向黄金靠拢，目前黄金市值仍约为比特币的 15 倍。
在谈及市场结构时，他进一步指出，比特币依然是加密市场的核心驱动力。长期来看，若缺乏比特币的引领作用，加密货币整体市场将难以实现持续性上涨。
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