""run its course.""
""Future price gains will be driven by one leg only,""
Top Wall Street backers reduced near-term Bitcoin price forecasts while keeping long-term bullish targets. Standard Chartered cut its forecast to $100,000 by end-2025 from $200,000 and $150,000 by end-2026, but retained a $500,000 long-term target with the timeline moved to 2030 from 2028. The downgrade reflects waning corporate treasury buying and slower ETF flows. Geoffrey Kendrick said aggressive corporate accumulation has "run its course" and that "Future price gains will be driven by one leg only." Bernstein forecasted $150,000 by end-2025 and near $200,000 by late 2027. Bitcoin fell about 30% from October highs, ETFs saw modest outflows, and institutional ownership reached 28%.
Read at Bitcoin Magazine
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