Is Bitcoin’s $100K Target Still Possible After the Selloff?

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<a href="https://investment-policy.com/btc-usd/">Bitcoin</a> selloff tests Standard Chartered’s $100K forecast: is Geoffrey Kendrick’s call on track?

Despite recent price drops, Standard Chartered Bank is maintaining its predictions of Bitcoin reaching $100,000 and Ethereum hitting $4,000.

Summary

  • Standard Chartered kept its $100K Bitcoin target after BTC rebounded from the $59K zone.
  • Geoffrey Kendrick linked the selloff to forced selling, weak ETF flows, and liquidity stress.
  • Kendrick kept the $4K Ethereum target and expects ETH to outperform Bitcoin.

According to Geoffrey Kendrick, head of digital asset research at Standard Chartered, the recent price drop probably marks the lowest point in this market cycle. Bitcoin briefly fell to around $59,000 before recovering to nearly $63,500, and Ethereum was trading at approximately $1,665.

Bitcoin’s price target stays at $100,000

According to Kendrick, Bitcoin’s recent dip to $59,000 probably marks the lowest price we’ll see in this market cycle. Despite the earlier drop, he still believes Bitcoin will reach $100,000 by the end of the year, especially after it recovered to around $63,500. He sees this recent volatility as a sign that the difficult ‘crypto winter’ is over and doesn’t think another major price crash is coming.

As a researcher following the cryptocurrency market, I’m noting that Standard Chartered’s Geoffrey Kendrick believes the recent ‘crypto winter’ is over. He’s sticking to his predictions of $100,000 for Bitcoin and $4,000 for Ethereum by the end of the year, and sees the recent dip in Bitcoin’s price – down to around $59,000 – as likely marking the bottom of that downturn.

— Wu Blockchain (@WuBlockchain) June 13, 2026

According to Kendrick, recent price drops were driven by several things: investors being forced to sell, low demand for Bitcoin ETFs, and generally tight market conditions. He believes these issues were the main reasons for the most significant losses during the recent dip. This analysis represents a shift in the bank’s perspective, following a substantial decrease in Bitcoin’s value, and builds on their previous optimistic outlook.

Although Bitcoin has bounced back from around $59,000, it’s still trading well below Standard Chartered’s price target. Analyst Geoffrey Kendrick believes a more definitive signal from exchange-traded fund (ETF) investments and interest from institutional investors is needed to confirm further gains. The analysis continues to center on price movements, investment flows, and demand from corporate treasuries.

Bitcoin ETF flows and SpaceX liquidity stay in focus

Whether or not Bitcoin ETFs experience continued selling remains a key factor in determining if recent price lows will hold. During the recent market downturn, U.S. funds experienced significant outflows, which reduced the strong institutional demand that had previously supported Bitcoin’s price. Analyst Kendrick believes that consistent investment inflows into these ETFs are necessary to support his prediction of a price recovery.

According to a recent analysis, potential liquidity in the market is also tied to when SpaceX might go public with an initial public offering (IPO). The analyst noted that demand for cash surrounding such an event could put downward pressure on riskier investments. Following SpaceX’s hypothetical $75 billion IPO and listing on Nasdaq, crypto markets would likely be influenced by its trading activity.

During the same time, trading platforms featuring assets linked to SpaceX saw significant activity from cryptocurrency users. How traders positioned themselves, and specifically whether Michael Saylor’s company continued to buy Bitcoin, was a key factor influencing the cryptocurrency’s price in the short term.

Ethereum’s target remains at $4,000

Kendrick is maintaining his price prediction of $4,000 for Ethereum, and believes it will perform better than Bitcoin. Currently, Ethereum is trading around $1,665, significantly below this goal. According to Standard Chartered, the demand for Ethereum is connected to the growth of stablecoins, tokenized assets, and on-chain settlements.

According to the bank, despite recent price drops, people are still actively using the Ethereum network. The recent decline in Ethereum’s price has caused its value relative to Bitcoin (ETH/BTC) to fall. Analyst Kendrick believes a recovery in this ratio would signal increased investor interest in Ethereum.

Analysts are watching Ethereum closely, comparing its potential to Bitcoin’s recent success with ETFs. They’re also keeping an eye on continued interest from institutional investors and overall economic conditions as signs the market is recovering. According to Kendrick, key indicators for the next phase of growth include Bitcoin staying above $59,000, renewed investment into ETFs, steady demand through systematic strategies, and Ethereum starting to perform better relative to other cryptocurrencies.

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2026-06-13 12:56