[JPMorgan Reaffirms Bitcoin's Long-Term Target Price of $266,000] BlockBeats News, February 13, JPMorgan analysts stated that based on a volatility-adjusted comparison with gold, they have determined Bitcoin's long-term target price to be $266,000. The primary reasons for the decline in hash rate were the severe winter storms in the U.S. and the exit of high-cost miners from the market, but signs of a hash rate rebound have now been observed. Despite short-term fluctuations, the JPMorgan team remains optimistic about the crypto market in 2026, expecting institutional investors to drive market growth.