2026 The Financial Market That Could Make History: The Real Possibility in Each Asset

2026 is approaching, and the question most investors are asking is: Which asset will drive the next move? Leading financial institutions are preparing interesting analytical frameworks. Let’s look at each one.

Bitcoin at 96.65K: Between consolidation and concerns over adjustment

Latest data (as of January 15, 2026) Bitcoin is at $96.65K, with an annual increase of 0.08%—below some expectations, but this could be a meaningful correction point.

Positive outlook: Standard Chartered has revised its price target down from 200,000 to 150,000 USD, citing that digital asset management firms may reduce purchases. However, Bernstein sees Bitcoin trending toward 150,000 USD in 2026 and continuing to 200,000 USD in 2027.

ETF inflows continue, but Morgan Stanley warns that the four-year cycle may be nearing its end, making caution necessary.

Ethereum: Tokenization that could change the market game

Latest data (as of January 15, 2026) Ethereum stands at $3.35K, with a 3.76% annual increase—less than Bitcoin but indicative of underlying intent.

JPMorgan highlights the enormous potential of asset tokenization, which relies heavily on Ethereum. Tom Lee from Bitcoin Mining Council also mentions (and sees) that the tokenization wave will exert a major influence on the new bull cycle.

He forecasts ETH could reach $20,000 in 2026. However, this is a highly optimistic view; risks of adjustment remain.

Gold: On a path to grow 5-30%

Gold prices (XAU/USD) in 2025 increased by 60%—the highest since 1979—driven by Fed rate cuts, continued central bank buying, and geopolitical tensions.

The World Gold Council sees an additional 5-15% increase in 2026; in extreme cases (such as economic slowdown and aggressive easing), gold could surge 15-30%.

Goldman Sachs targets $4,900 per ounce, supported by sustained ETF demand. Bank of America (Bank of America) projects up to $5,000 per ounce, amid expanding US treasury issuance and rising debt burdens.

Nasdaq 100 index: Still driven by AI investments

The Nasdaq 100 rose 22% in 2025, marking the third consecutive year of performance. JPMorgan indicates that large data center companies like Amazon, Google, Microsoft, and Meta will maintain high investment levels, potentially accumulating hundreds of billions of USD by 2026.

This will support stocks like NVIDIA, AMD, Broadcom. JPMorgan sees the S&P 500 possibly reaching 7,500, while Deutsche Bank has a more aggressive outlook at 8,000 points. Analysts suggest Nasdaq 100 could break through 27,000 points.

Moving to commodities and currencies

Crude Oil: Oversupply weakness

WTI crude oil prices fell about 20% in 2025 due to OPEC+ increasing production and US shale expansion.

Goldman Sachs forecasts WTI averaging around $52 per barrel, Brent around $56. JPMorgan expands on this, expecting oversupply to stabilize, pushing WTI to $54 and Brent to $58.

Silver: Structural pressure to increase value

Silver (XAG/USD) rose 60% in 2025. The Silver Institute warns that the global silver market faces a structural deficit due to strong industrial demand.

UBS raises its 2026 target to $58–$60 per ounce, with a chance to hit $65. Bank of America also agrees, estimating silver could reach $65.

EUR/USD: Initial rebound with conditions

EUR/USD increased 13% in 2025—the highest in nearly eight years—driven by dollar weakness.

JPMorgan and Nomura see the pair rising to 1.20 by the end of 2026. Bank of America targets 1.22. However, Morgan Stanley warns that if Nasdaq 100 and US recovery strengthen, EUR/USD could be pressured from 1.23 down to 1.16 in the latter half of 2026.

USD/JPY: Conditions under discussion

USD/JPY declined 1% overall in 2025. Outlook for 2026 under discussion.

JPMorgan and Barclays push USD/JPY to 164. Conversely, Nomura believes that if the interest rate differential narrows, carry trade will slow, and if US indicators weaken, USD/JPY could fall to 140 before the end of 2026.

Conclusion: Will history be written?

2026 is a year of options. Commodities (especially gold and silver) have high potential to make history, while crypto (Bitcoin and Ethereum) remain on a fragile path if expansion conditions persist.

AI-driven Nasdaq 100 stocks will be closely watched. Similarly, currencies will depend on monetary policy roles.

No guarantees of history being made, but current trends point toward significant volatility and genuine opportunities.