Standard Chartered is doubling down on its bullish Bitcoin outlook, forecasting a potential surge to $135,000 by the end of Q3 and an eye-watering $200,000 by the close of 2025.
The prediction comes from Geoff Kendrick, head of digital assets research at the bank, who believes growing institutional momentum will fuel BTC’s next rally.
The projection, shared in a post cited by Wu Blockchain, signals renewed confidence from the global banking powerhouse. Kendrick had earlier this year floated a $500,000 target for Bitcoin by the end of Donald Trump’s presidential term, citing long-term market shifts and broader adoption.
Bitcoin is currently trading at just over $107,000, showing minimal gains in recent days. But Standard Chartered sees the coming quarters as pivotal. According to Kendrick, rising flows into spot ETFs and the accumulation of BTC by companies for treasury reserves are reshaping post-halving behavior.
Traditionally, Bitcoin tends to decline around 18 months after a halving. But this time may be different. Kendrick argues that the current cycle has decoupled from past trends, with demand from institutional buyers offsetting any expected drop.
Recent data backs that up: at least nine firms reportedly added over 6,000 BTC to their treasuries in just the past week. If this pace holds, the bank believes Bitcoin’s price could resume its uptrend faster than many anticipate.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/standard-chartered-sees-bitcoin-surging-past-135k-in-q3/