Standard Chartered Doubles Down: Bitcoin Primed to Shatter ATH by June

Wall Street’s favorite broken clock strikes again—Standard Chartered revises its Bitcoin price target upward, predicting a Q2 surge past $73,000. The bank cites ’perfect storm’ conditions: ETF inflows hitting critical mass while the Fed’s rate-cut theater distracts traditional markets.

Funny how these forecasts always land right after institutional positions are locked in. Crypto winter? More like banker-made weather.

Standard Chartered Says Bitcoin Will Hit $120,000 in Q2

Earlier this year, Standard Chartered predicted that Bitcoin was on a $500,000 pace before US President Trump’s second term ends. That was reiterated by the firm in early April despite its price performance being lackluster. Now, they have an even more optimistic outlook on the cryptocurrency’s price performance.

Over the last week, the leading crypto has performed incredibly well. Indeed, it has broken through the $95,000 mark, jumping over 9% in the last week. That may just be the start, as Standard Chartered predicts that Bitcoin will reach a new all-time high price in Q2.

“A number of indicators support our view that Bitcoin is headed for the next leg higher,” the firm’s research head, Geoffrey Kendrick, said. “US Treasury term premium (which has a close correlation to BTC) is at a 12-year high. Time-of-day analysts suggest that US-based investors may be seeking on-US assets.” Moreover, he noted that this is being countered by “reallocation from gold into BTC.”

This all suggests that U.S. investors are ramping up Bitcoin purchases. Therefore, the asset should be on pace to challenge its previous all-time high above the $109,000 mark. Altogether, Kendrick said “now” is the time to buy BTC, as they project it to hit the $200,000 market before the year is through.