Coinbase CEO Says Bitcoin’s Bottom Is In—and $400,000 by 2030 Is Still Reasonable
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September 11, 2026 7:14 pm
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Coinbase CEO Brian Armstrong is making a clear call: he believes Bitcoin has already put in its bottom for this cycle, and he still considers $400,000 by 2030 a reasonable target.
That is an enormous destination from Bitcoin’s current neighborhood near $77,000. It would require a gain of more than five times from here.
But the more immediate question is much simpler: can Bitcoin finally turn the low-$80,000 range from resistance into support?
Armstrong’s bull case starts with the cycle.
CryptoSlate says Armstrong framed the view as his personal outlook, not a formal Coinbase forecast. He expects Bitcoin to trend higher over the next one to two years as the market moves toward its next halving, expected around 2028.
Armstrong also argued that the latest downturn has already produced its cycle low. If he is right, Bitcoin’s recent rebound is the early stage of a new expansion.
There is real momentum behind that argument. Bitcoin rose 25.4% in August, climbing from $62,899 to $78,852.
U.S. spot Bitcoin exchange-traded funds attracted $3.4 billion during the month, their strongest monthly inflow since July 2025. Those inflows added real demand as Bitcoin recovered from the summer low.
Still, a strong month is not the same thing as a confirmed new cycle.
The low-$80,000 range is the first test.
Galaxy Asset Management put Bitcoin’s 50-week moving average around $81,000 in early September. Historically, reclaiming that long-term trend line has often come after a durable cycle bottom was already established.
Galaxy found that four of Bitcoin’s five completed bear markets first broke above the 50-week average after the cycle low was in place. The exception was the shorter downturn between Bitcoin’s two record highs in 2021.
Its analysis also noted that August’s advance was concentrated in one powerful week. That makes the next weekly closes more useful than a single intraday push through resistance.
That history gives Armstrong’s sequencing some support: the bottom can arrive before the confirmation. But confirmation still matters.
A decisive weekly close above the moving average would show buyers are absorbing the supply that has repeatedly appeared around $80,000 to $84,000.
A weak weekly close could reopen the door to another breakdown.
At this very moment, Bitcoin is positioned for a repeat of bearish price history
However, Bitcoin has a few more days to turn things around before the new Weekly Close, if it can
A Weekly Close below ~$78300 could set price up for a breakdown like in May $BTC #Bitcoin https://t.co/upWuzpGObA pic.twitter.com/p2byeo3R1n
— Rekt Capital (@rektcapital) September 10, 2026
The same near-term tension appears in the second market update below: the rally has cooled even as a closely watched golden-cross signal approaches.
Bitcoin Rally Cools, But a Golden Cross Is Coming https://t.co/xSc8MKmos9
— Decrypt (@DecryptMedia) September 10, 2026
$400,000 is a thesis, not a near-term target.
The call rests on a multiyear horizon. Bitcoin does not need to sprint directly from $77,000 to $400,000 for Armstrong’s thesis to remain intact.
It does need sustained demand, broader adoption and a market structure strong enough to survive inevitable pullbacks. ETF inflows can help, but short covering and momentum buying can fade quickly.
A lasting move will require spot buyers who continue showing up after the easy rebound is over.
Armstrong has planted the flag far up the mountain. Bitcoin’s first job is to clear the ridge directly in front of it.
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