Standard Chartered lowered its 2026 Bitcoin price target from $150,000 to $100,000 and said BTC could decline toward $50,000 in the near term.
BTC is trading near $66,400, below its 50-week moving average, with technical indicators showing continued weakness.
Standard Chartered has lowered its price forecast for Bitcoin (BTC) and warned that the cryptocurrency could decline toward $50,000 before any sustained recovery later in the year. The reduction comes amid ongoing macro headwinds, outflows from exchange-traded products, and continued weakness that led BTC to trade below the $70K zone.
In a research note by Geoffrey Kendrick, head of digital assets research at Standard Chartered, the bank cut its 2026 year-end Bitcoin target from $150,000 to $100,000. The revised outlook, the second downgrade in less than three months, includes a near-term projection that Bitcoin could test levels around $50,000. Kendrick cited persistent outflows from spot Bitcoin ETFs and a weaker
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