Standard Chartered has adjusted its near-term price target for digital assets following a shift in market dynamics. According to Cointelegraph, the bank previously projected Bitcoin would reach $100,000 by year-end but now suggests that specific figure may be an understatement.
The revision comes from Geoff Kendrick, who indicated that cryptocurrency prices are poised to advance toward their previous peak of $126,000 once activity resumes after October 6. This timeline coincides with anticipated improvements in spot Bitcoin ETF inflows, which had previously suppressed momentum.
The bank’s revised stance implies a belief that institutional demand will accelerate faster than initially expected when the holiday period concludes. By targeting the all-time high shortly after the mid-month date, Standard Chartered signals confidence in renewed capital entry into regulated exchange-traded funds.
Kendrick noted that while the $100K mark was once considered a conservative end-of-year goal for investors holding Bitcoin ETFs, current data suggests stronger velocity. The institution now views the path to $126,000 as more likely within weeks rather than months.
This update reflects growing optimism among major financial institutions regarding asset class recovery. As spot products regain traction following seasonal pauses in trading volume, market participants are recalibrating expectations for significant price appreciation. The shift away from the $100K year-end call underscores changing sentiment that may influence broader crypto valuations.
Investors monitoring ETF flows should watch how quickly inflows resume post-October 6 to validate these higher targets set by Standard Chartered analysts.
