Standard Chartered: "Bitcoin Likely Bottomed Out...Maintaining Year-End $100,000 Target"

Key takeaway

"Standard Chartered: "Bitcoin Likely Bottomed Out...Maintaining Year-End $100,000 Target"" — BullBear's AI rates this story as a bullish (positive) signal for markets, with a market-impact score of 75 out of 100. Geoffrey Kendrick, head of digital asset research at Standard Chartered, views the recent crypto correction as a temporary pullback rather than a new bear market. He suggests Bitcoin (BTC) may have hit its cycle low around $59,000 and maintains his year-end target of $100,000. Kendrick also anticipates Bitcoin and Ethereum (ETH) to continue their recovery despite recent volatility, setting a year-end target of $4,000 for ETH and suggesting it could outperform BTC in the short term. Factors contributing to the recent sell-off include spot ETF outflows and geopolitical uncertainty. That score reflects how strongly the story is likely to move Bitcoin, US equities, the dollar, and gold, and near-duplicate coverage of the same event is clustered so only the representative article is scored. BullBear analyzes hundreds of market stories a day this way, turning each into a structured bullish, bearish, or mixed read rather than a raw headline, so the signal can be compared across sources and over time. Reported by TokenPost on June 13, 2026. The bullish and bearish evidence behind this assessment, plus a 24-hour price-move check that verifies the call against what actually happened, are all tracked publicly on BullBear.news.