Standard Chartered Reaffirms $100K Bitcoin Target After Market Dip

The bank’s outlook hinges on the stabilization of institutional demand, which faltered during the recent selloff. Kendrick identified a combination of forced liquidation, sluggish ETF inflows, and broader liquidity stress as the primary catalysts for the drawdown. For these year-end targets to materialize, the bank expects a return of consistent inflows into spot Bitcoin ETFs, which serve as a bellwether for institutional sentiment.

Beyond ETF dynamics, the firm is monitoring external liquidity factors, including cash demand associated with the SpaceX listing. While Bitcoin currently trades significantly below the bank’s target, the research note suggests that the end of the crypto winter is in sight. Ethereum remains a core part of this bullish thesis, with Kendrick anticipating that the asset will eventually outperform Bitcoin. The bank points to robust network utility, stablecoin activity, and the growth of tokenized assets as evidence that Ethereum’s underlying value remains decoupled from its recent price suppression.