Standard Chartered has reiterated a profoundly bullish Bitcoin price prediction, projecting the premier cryptocurrency could hit $120,000 during the second quarter of 2025. Analyst Geoffrey Kendrick further anticipates a climb towards $200,000 before the end of that year.
This optimistic outlook, detailed in a late April analysis, is fueled by several key factors. Kendrick identifies a strategic asset shift away from U.S. holdings, substantial Bitcoin accumulation by large-scale investors (“whales”), and persistent inflows into spot Bitcoin ETFs as primary catalysts.[note]
The analysis draws parallels with the U.S. Treasury term premium, which Kendrick notes has hit a 12-year high and historically aligns with Bitcoin’s price trajectory. This trend may signal investors diversifying from domestic bonds into alternative assets.
Bitcoin’s own history lends support to the forecast. Previous market cycles often featured periods of sideways price action or consolidation before experiencing sharp upward rallies, a pattern potentially repeating now.
Adding to the positive sentiment is the renewed exploration by global banking giants, including Deutsche Bank and Standard Chartered, into expanding their digital asset operations within the U.S. This signals growing institutional comfort and integration following earlier market turbulence.
Current Standing & ATH Potential: Currently trading near $95,000 – a roughly sevenfold increase from its November 2022 trough – Bitcoin shows significant recovery. Reaching the projected $120,000 mark in Q2 would establish a new all-time high, paving the way for the targeted $200,000 milestone by 2025’s end according to the bank’s view.