The worst may be over for bitcoin (BTC) and other cryptocurrencies, says veteran Wall Street strategist and crypto bull Thomas Lee, according to a Barron’s report. 

The Fundstrat managing partner writes that the cryptocurrency market overall is up 47 percent so far this quarter, “a pretty impressive recovery.” This is more evidence that the bear market for digital currencies has concluded, he adds.

The former J.P. Morgan chief equity market strategist points to Fundstrat’s Bitcoin Misery Index reading of 24 on a scale of zero to 100 (zero being the most miserable) as a further indicator that more gains lie ahead. The index measures the 12 most-liquid cryptocurrencies.

Lee’s picks are bitcoin, ether (ETH), ethereum classic (ETC), neo (NEO) and the Bitcoin Investment Trust (GBTC). Read more here.