Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff editor

Written by Zoltan Vardaistaff writer

Reviewed by Yohan Yunstaff editor

Standard Chartered wavers on $100K Bitcoin year-end call, says it may be ‘too low’

Latest NewsPublishedAug 21, 2026

Standard Chartered’s Geoff Kendrick stated Bitcoin could move toward its $126,000 all-time high after Oct. 6 as spot Bitcoin ETF inflows recover.

Bitcoin may move toward its all-time high of $126,000 before the end of the year, with the recovery potentially accelerating after Oct. 6, as reported by Geoff Kendrick, global head of digital asset research at Standard Chartered.

Kendrick stated in a Friday note shared with Cointelegraph that the latest rally has been driven largely by short liquidations, while inflows into spot Bitcoin exchange-traded funds have also started to recover. He stated low open interest could leave room for more investors to return as prices rise.

“For the first time this year there is now a risk my end year forecast (of USD100k) is too low,” Kendrick wrote.

In a Feb. 12 report, Kendrick cut Standard Chartered’s year-end Bitcoin target to $100,000 from $150,000 and its Ether target to $4,000 from $7,500. At the time, he expected Bitcoin to fall to around $50,000 and Ether to $1,400 before recovering during the rest of the year.

Other industry watchers have also pointed to signs that the bear market may be nearing an end. Swan Bitcoin CEO Cory Klippsten stated Bitcoin may bottom in October, while 10x Research founder Markus Thielen stated an August close above $63,000 could confirm a bear-market bottom.

Bitcoin traded at $76,844 at the time of writing, up 24% over the past week, as reported by CoinGecko data.

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Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Bitcoin Price
• Predictions
• Standard Chartered
• Bitcoin Analysis
• Bitcoin ETF
• Bitcoin

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