[Grayscale Predicts Bitcoin May Reach a New High in 2026] On December 2, Grayscale Research stated in its latest report that Bitcoin might reach a new high in 2026, countering market concerns about Bitcoin entering a prolonged period of stagnation. The report pointed out that long-term investors can often benefit from volatility but must face challenging pullbacks. Pullbacks of 25% or more during a bull market are common and do not necessarily signal the beginning of a long-term downtrend.