Bitcoin Bulls Trim Near-Term Price Targets as BTC Demand Slows
Major Bitcoin bulls like Standard Chartered and Bernstein have lowered near-term price forecasts due to slowing corporate buying and ETF demand.Summary
Major financial institutions, including Standard Chartered and Bernstein, are reducing their near-term price targets for Bitcoin following a recent market pullback where BTC fell nearly 30% from its peak above $126,000. Standard Chartered halved its 2025 forecast to $100,000 (from $200,000) but maintained a long-term target of $500,000 by 2030. This adjustment reflects a slowdown in demand drivers, particularly corporate treasury accumulation, according to Geoffrey Kendrick of Standard Chartered. Bernstein also lowered its immediate outlook but argued that institutional participation has added market durability, suggesting Bitcoin is no longer strictly bound by its four-year cycle. Despite these lowered expectations, Bitcoin recently rebounded, trading near $94,640, supported by positive institutional developments, including PNC offering direct spot trading, and macro signals anticipating Federal Reserve rate cuts.
(Source：Bitcoin Magazine)