Standard Chartered: "Bitcoin Likely Bottomed Out...Maintaining Year-End $100,000 Target"
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.
How this call is verified
▲ Bullish call was checked against the actual BTC price 24h later: ✓ Hit (+1.14%).
Bar: BTC ±1% within 24h · every verdict lands on the public ledger
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. Reported by TokenPost on June 13, 2026. The call is verified against the actual 24-hour price move on BullBear's public conviction ledger.
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