Bitcoin To Hit $135,000 By Year-End, Says Katie Stockton, But Don't Mistake It For Gold

While many investors see a strong correlation between gold GLD and Bitcoin BTC/USD, Katie Stockton, founder and managing partner at Fairlead Strategies, has a different opinion.

What Happened: In a CNBC Squawk Box interview on Tuesday, Stockton noted that while the S&P 500 is up about 11% year-to-date and nearly 30% since its Liberation Day lows, recent pullbacks should be seen as healthy resets, supported by the 20-day moving average.

Gold, she added, has staged a strong breakout above resistance, offering ~4% further upside and acting as a portfolio diversifier.

With momentum as the key driver, some investors are increasingly treating gold as a Bitcoin substitute given its low equity correlation.

Stockton also pointed out that Treasury yields are testing support near 4%, where a breakdown could spark a cyclical downtrend toward 3.2%.

She views fixed income as relatively strong compared to equities, reinforcing the case for diversification.

Also Read: Bitcoin Has A 25% Chance To Hit $140,000 By Year-End, Analysts Say

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Stockton said BTC remains in a long-term uptrend with support between $108,000–$111,000, while short-term momentum is neutral.

Although September–October aren't aligning with her initial expectations, she emphasized Bitcoin's tight correlation with the Nasdaq 100.

Her measured move target: $135,000 by early 2026, contrasting Tom Lee's year-end doubling call.

Ethereum ETH/USD has broken above $4,000, signaling continued technical strength, as Dogecoin's DOGE/USD breakout from a triangle pattern is in line with broader momentum signals.

Her strategy remains focused on respecting uptrends, prioritizing technical momentum over fundamentals, and entering risk assets at cautious, diversified points.

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