Fundstrat's Managing Director Tom Lee is reiterating his bullish stance on Bitcoin, predicting a significant surge to $150,000 this year. Despite recent market volatility, Lee believes the current bull market cycle is far from over and that Bitcoin is just beginning its upward trajectory.

In an interview with CNBC, Lee emphasized that the Federal Reserve's dovish stance on inflation and monetary policy will continue to drive the market's recovery. He also expects more public companies to report strong quarterly earnings growth, with trillions of dollars in sidelined capital gradually flowing into the markets.

Lee noted that the risk-reward ratio remains favorable, with accelerating earnings growth and increasing capital expenditures. He believes the current cautious sentiment will eventually give way to a more optimistic outlook, driving Bitcoin and other asset classes higher.

With his sights set on $150,000, Lee is undeterred by recent market fluctuations, convinced that the fundamentals are in place for a significant rally. As the leading cryptocurrency continues to gain traction, Lee's prediction may yet become a reality.