Wall Street still says Bitcoin can hit $100,000, the market is starting to doubt it
Standard Chartered kept its $100,000 Bitcoin year-end target despite a sharp drop below $60,000, saying the bulk of selling may be over and that the selloff could become a buying opportunity. The decline was driven by record ETF outflows, a rare Strategy BTC sale, and forced liquidations, pushing sentiment to extreme fear. Reaching $100,000 from around $63,400 would still require a strong rally, but the bank sees support from recent positive ETF flows, continued Strategy buying, and possible regulatory progress. Key technical hurdles are reclaiming the 30-day and 200-day moving averages near $75,700 and $78,800. Other institutions remain bullish but vary widely: Bernstein targets $150,000, Citi stays above $100,000, and JPMorgan models $170,000 long term. Market pricing is much more cautious, with prediction markets assigning meaningful odds of a drop below $55,000 or even $50,000 this year.
