After a historic peak exceeding $126,000 in October 2025, Bitcoin experienced a dark quarter. In February 2026, its fall even accelerated, causing it to plunge below $60,000, a drop of more than 50% since its record. But since April, the scenario has reversed: the first cryptocurrency has regained around 12% over the month, its best monthly gain since April 2025, and is now moving around $80,000. For those who saw the crash pass without buying more, the question arises: is it time to return to Bitcoin?
Thibault Desachy, head of private management at Coinhouse, a specialist in digital assets, indicates that he “you have to be careful”. “Bitcoin remains a very volatile asset, which evolves in a still tense economic and geopolitical environment. Between international conflicts, questions about global growth and central bank decisions, the markets remain particularly sensitive to macroeconomic announcements. » Indeed, volatility is part of the game of cryptocurrencies; it is necessary to understand this before purchasing.
A more mature crypto market
But the current rebound doesn’t come from nowhere. This also comes from a whole surrounding context: legislation continues to evolve, in the United States as in Europe, and American spot Bitcoin ETFs (which replicate the price of Bitcoin and allow you to buy it without the need for a wallet) have once again attracted investors, mainly institutional, from this month of April, with $1.97 billion in net inflows over the month, according to SoSoValue. This is their best month since July 2025, and the sixth consecutive week of net inflows overall.
For Thibault Desachy, it is a movement that is changing the way the market is read: “The arrival of Spot Bitcoin ETF and the interest of institutional investors have strengthened the depth of the market in recent years”. However, this does not mean that the path is clear. “We are probably in a transition phase after a very strong upward cycle in 2024 and 2025”explains the Coinhouse expert. Historically, the crypto market operates in four-year cycles, punctuated by halvings (when miners’ rewards are cut in half, increasing scarcity). “This could result this year in a less efficient market, but also less excessive »he adds.
Coinhouse’s opinion therefore remains “mixed”observing a “basic downward trend”but which could also be ” source of opportunities for the next few years ».
The investor profile matters as much as the entry point
So, for individuals who have never invested in crypto, the question of timing ultimately takes second place. “There is never a ‘perfect time’ to enter the market”recalls Thibault Desachy. On the other hand, the current period, “calmer than in 2024 and 2025”can lend itself to a first discovery of this asset class. “The idea remains to approach Bitcoin in a logic long term and diversificationrather than in a speculative approach »he emphasizes. The bet is not to win in a few months, but to build exposure over several years. He therefore recommends “the strategies ofrecurring purchase »which consist of investing a fixed amount at regular intervals, regardless of market variations.
But not all profiles are suitable for cryptocurrencies. “A person who is looking for a guaranteed investment or who has difficulty coping with strong market variations must remain careful »warns the Coinhouse expert. The drop of more than 50% suffered between October 2025 and February 2026 is frequent in the history of crypto, but it is psychologically difficult to take. Conversely, for someone capable of accepting this volatility and planning over several years, Bitcoin can find its place in a more global wealth diversification strategy.
And in terms of crypto allocation, should we diversify? Considering the current period, Coinhouse recommends “to stay on Bitcoin”. “Altcoins as well as Ether are having a drastically more difficult time. The different parities remain largely in favor of the queen crypto »they analyze.
