According to CoinMeta, Fu Jingtao, the head of the Macroeconomic Allocation Research Center at Shenwan Hongyuan, stated at the 2027 Capital Market Investment Annual Conference that the next round of gains is likely to be led by the trends of the AI industry. He analyzed that the adjustments in the second half of 2026 have not yet broken through historical patterns, and he expects a rebound from excessive declines before March or April 2027, with the A-share market unlikely to reach new lows. After March or April 2027, the market adjustments may reach a bottom, followed by an increase in structural opportunities and active themes. New consensus could be formed during this process. He looks forward to building a "second phase of growth" in the second half of 2027, which may see a clear shift from a situation where asset allocation, industry trends, and capital supply and demand are in opposition to one where they are in resonance and moving in the same direction.