Fundstrat’s head of research, Thomas Lee, reiterated his bullish outlook on Bitcoin (CRYPTO:BTC) in light of the ongoing Mt. Gox distribution, predicting a significant price surge to $150,000 by year-end.

Lee emphasised the resolution of the decade-long Mt. Gox overhang as a pivotal factor driving this expected rebound.

He highlighted the removal of selling pressure from the distribution of 142,000 BTC as a boost to market sentiment.

Additionally, Lee pointed to potential Federal Reserve policy shifts and the introduction of Bitcoin ETFs as catalysts supporting his optimistic forecast for the cryptocurrency.