For altcoins, its going to be hard for them to recover because so many are competing and besides majority are scams anyways. Just look at the state of ETH right now, it has lost as much as 90% so its going to be a long road for recovery.
Bitcoin though is different, bulrun might be around the corner. Just one news will trigger a break out and who knows, we might see another all-time-high at the end of the year. There's still the ETF and Bakkt physical bitcoin future contract offerings as well.
From my point of view, I don't expect the bullrun for bitcoin waiting just around the corner, let alone seeing another ATH at the end of the year. But we don't need that as it would be detrimental to bitcoin because it will end up in absolutely the same crash. We need organic growth, steady and consistent, which would match the growth in bitcoin's application. We don't need rampant speculation anymore, at least not with bitcoin. If someone needs that, let them stick with altcoins, though I agree with you that the majority of altcoins are scams and they won't survive for long, apart from a few die-hard coins like doges and well-established coins like litecoin as their right to exist has been proven through years.
