Standard Chartered keep Bitcoin target for 2026 at $100K, drop to $60K seen as buying zone
Standard Chartered dey keep dia Bitcoin year-end 2026 target for $100K, dem don cut earlier forecast from $300K (wey dem revise to $150K). Geoffrey Kendrick, di bank head for digital-asset research, talk say di slide of Bitcoin below $60K look like temporary, no be say di fundamental thesis break.
Di latest selloff link to ETF outflows, forced selling/liquidations, and small corporate supply. For di drawdown, Bitcoin ETFs see pass $2B net outflows, while leveraged traders suffer about $1.8B for liquidations. After di shock, Bitcoin dey trade around $63K–$64K, and Kendrick call this area a "buying zone," mean say di worst part of di liquidation cascade fit don calm down.
Standard Chartered also set conservative Ethereum (ETH) year-end 2026 target of $4K. For longer term, dem dey more aggressive: by 2030, dem forecast Bitcoin for $500K and Ethereum for $40K. For traders, immediate focus na de-leveraging: lower leverage fit help price stabilise, but upside fit no go explode if no get leveraged long demand.
Key confirmation to watch na follow-through for Bitcoin ETF flows. Kendrick earlier for February talk say Bitcoin fit test near $50K before rebound, so ETF flow momentum still be practical trigger for confirmation.
Neutral
Standard Chartered stance on Bitcoin dey constructive for timing (dem dey call $60K a "buying zone") because ETF-driven selling and liquidations dey ease as de-leveraging dey reduce downside pressure. But the note no be full risk-on signal: e emphasise say price fit stabilize without the same leverage-driven upside, and e put ETF follow-through as the key confirmation trigger. Net impact for Bitcoin price action therefore balanced—small support if ETF flows improve, but still depend on continued de-risking no be confirmed trend reversal.