Fidelity: Multiple indicators are showing early signs of stability, with Bitcoin bottoming out in preparation for the "next major upward wave."

Gold Financial reports that on April 28, according to Fidelity Digital Assets’ “Q2 2026 Signal Report,” the cryptocurrency market is in a consolidation phase, but multiple indicators are showing early signs of stability. The report states that Bitcoin remains the market’s “anchor,” with funds continuously concentrated in this most liquid asset, and its market capitalization share and unrealized profit levels reflect relative resilience amid volatile conditions.
Fidelity analysts said that the overall market momentum and profitability indicators align with “correction phase” characteristics, potentially paving the way for a more stable market structure. The report also notes that the on-chain activity and price trends of Ethereum and Solana have diverged, with network usage demand remaining strong, indicating that demand at the protocol layer has not weakened.
Previously, Jurrien Timmer, head of Fidelity’s global macro strategy, also expressed optimism about Bitcoin, believing that Bitcoin is rebounding from a low of $60,000 and establishing a new base around $78,000, preparing for the “next major upward wave.” Fidelity also observed that funds are rotating back from gold into Bitcoin ETFs, reversing the trend seen at the end of 2025.