Standard Chartered Targets $100,000 Bitcoin Price by Year End

Standard Chartered is betting big on Bitcoin. The bank recently issued a forecast suggesting the price of the top digital asset could hit $100,000 by the end of this year. Geoffrey Kendrick, an analyst at the firm, notes that the recent price drop likely created a solid floor for the current cycle. Bitcoin recently climbed to over $72,000, signaling a potential shift in investor confidence.

Market sentiment is moving away from fear as the global crypto market cap sees a 9 percent increase over the last day. Kendrick believes the bottoming process is finishing, pointing to classic four year cycle theories that suggest a new upward trend is beginning. The bank expects the asset to return to the levels it reached in late 2025.

Several factors are fueling this optimism. The U.S. Treasury recently announced plans to increase buyback support, which is helping liquidity. At the same time, there is fresh pressure in Washington to establish clear rules for the industry. President Donald Trump has called on Congress to pass the Clarity Act to provide a stable legal framework for crypto companies.

Traders should keep a close watch on legislative progress in the Senate. If the Clarity Act moves forward, it could provide the regulatory certainty needed to sustain this rally. While Bitcoin has faced a difficult year with a 36 percent drop over the last twelve months, recent moves suggest a turnaround is gaining steam.