Tom Lee, co-founder of Fundstrat and chair of Bitmine, has forecasted a growing institutional adoption of Ethereum, particularly by major banks such as Goldman Sachs and JPMorgan, which are expected to purchase Ethereum (ETH) to support and secure their stablecoin operations. Lee emphasized that Ethereum's architecture is likely to become the foundational infrastructure for stablecoins issued by these financial institutions, marking a shift from speculative investment to practical utility. He further described Ethereum as "dramatically undervalued" and predicted it could become Wall Street's preferred blockchain platform, especially as institutions increasingly embrace crypto for stablecoins and real-world asset (RWA) tokenization. Ethereum's price has surged to nearly $3,800, more than doubling since April 2025, driven by institutional bets on stablecoins and its dominant position in RWA tokenization, which accounts for nearly 60% of the market. Lee also projected that Ether could reach a price of $15,000 as its dominance in the financial sector grows.