Bitcoin Predicted to Surge to $120,000 This Quarter, Says Standard Chartered

Standard Chartered forecasts Bitcoin could reach $120,000 this quarter and $200,000 by year’s end, backed by asset reallocations from U.S. investors into cryptocurrency. Analyst Geoffrey Kendrick noted rising yields, whale accumulation, and significant ETF inflows as key indicators influencing this positive outlook. Bitcoin’s price recently rebounded, buoyed by investor optimism over trade talks.

Bitcoin’s price trajectory looks promising as predictions from Standard Chartered indicate it could reach an all-time high of $120,000 this quarter and potentially hit $200,000 by year’s end. This upbeat forecast is attributed to U.S. investors reallocating their investments primarily into cryptocurrency. Geoffrey Kendrick, the bank’s Global Head of Digital Assets Research, cited significant inflows into crypto ETFs as a driving force behind this bullish outlook.

Kendrick attributes the potential price surge to several factors such as rising yields, the accumulation of Bitcoin by major holders, or ‘whales’, and significant ETF flows which seem to indicate a shift from traditional safe-haven assets like gold into Bitcoin. He pointed out, “U.S.-based investors may be seeking non-U.S. assets,” suggesting that these investors might significantly up their stakes in Bitcoin, further accelerating demand.

Last year, Kendrick forecasted that Bitcoin would reach $200,000 by the end of 2025, and his stance remains unchanged even though Bitcoin’s value dipped from its earlier high of around $109,000. Notably, Bitcoin began to rally last week, driven by growing optimism surrounding potential trade tariff reductions from U.S. President Donald Trump, which many believe could ease pressure on the global economy.

According to CoinGecko, Bitcoin was trading at approximately $94,707, marking a nearly 9% increase over the past week. This surge coincided with investors pouring over $3.4 billion into crypto funds, with a staggering 93% directed towards Bitcoin-focused assets, underscoring renewed interest in cryptocurrency investments.

Interestingly, the price history of Bitcoin shows that sharp rises are often followed by extended periods of price stability, prompting the need for careful timing in trading decisions. Historically, Bitcoin has been viewed as a safe haven but typically tracks closely with riskier assets like technology stocks. Kendrick remains optimistic, stating that gains should continue throughout the summer, moving Bitcoin toward the anticipated year-end target of $200,000.