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Geoffrey Kendrick, head of digital asset research at Standard Chartered, indicated that Bitcoin may decline to $50,000 in the near term before recovering to $100,000 by the year’s end.
He mentioned that the price of the leading cryptocurrency has already retraced approximately 50% from its all-time high of $126,000, reached in October of the previous year. Kendrick attributed the decline primarily to the high correlation with technology sector stocks.
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“In the short term, Bitcoin could drop to $50,000. By the end of the year, we anticipate a rise to $100,000. In the long run, our target price is set at $500,000 by 2030,” Kendrick stated.
He also pointed out that Bitcoin can be viewed similarly to gold and suggested including both assets in an investment portfolio. According to his assessment, the launch of spot Bitcoin ETFs has enhanced the accessibility of the instrument for investors and created conditions for an increase in its allocation within portfolios over the long term.
The analyst added that the current phase remains challenging for the crypto market; however, recovery is inevitable, and investors should maintain their composure.
Previously, analysts from the CryptoQuant platform noted that the behavior of long-term investors and activity on the Bitcoin network in April 2026 resembles periods that preceded the price increases of the leading cryptocurrency.
