Wall Street’s most prominent cryptocurrency bulls are recalibrating their expectations for Bitcoin (BTC) as weakening institutional interest reshapes the market outlook.
In this case, Standard Chartered and Bernstein have trimmed their near-term projections while keeping a broadly optimistic long-term stance.
Standard Chartered, long known for its bullish outlook, has cut its forecasts amid a sharp decline in corporate treasury participation and slowing ETF inflows.
The banking giant now expects Bitcoin to reach $150,000 by the end of 2026, down from its earlier $300,000 estimate. Its long-range target of $500,000 has also been pushed back to 2030.
The bank noted that companies once viewed as major drivers of Bitcoin accumulation no longer have the valuations or incentives to continue adding the asset to their balance sheets, leaving ETFs as the primary source of institutional demand.
“We think that Bitcoin buying by DATs has run its course, while we expect ETF in
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