At the bottom/top of the street.

[Little man]

Dear teachers.
I'd like to know whether I'm right in interpretation these sentences.
1. There's a shop at the bottom of the street. I think it means down the street.
2. There's a shop at the top of the street. I suppose it means up the street.

I hope you will help.

 

[Tarheel]

Dear teachers.
I'd like to know whether I'm right in MY interpretation OF these sentences.
1. There's a shop at the bottom of the street. I think it means down the street.
2. There's a shop at the top of the street. I suppose it means up the street.

I hope you will help.

I am thinking that the speaker is talking about a street on a hill.