Bitcoin Bulls Standard Chartered, Bernstein Pare Back Ambitious Year-End Forecasts

Wall Street’s biggest Bitcoin bulls are dialing back their near-term forecasts after the recent downdraft, but their long-term conviction hasn’t wavered.

Standard Chartered Plc, a longtime crypto proponent, halved its Bitcoin price forecasts as demand from corporate treasuries collapses and ETF flows falter. The bank now expects the original cryptocurrency to climb to $150,000 by the end of 2026, down from a previous projection of $300,000, and has delayed its $500,000 long-term target to 2030 from 2028.