Standard Chartered Bank lowered its 2026 price target for Bitcoin by 33% to $100,000, and expects it to initially fall to $50,000.

PANews reported on February 12th that, according to Bloomberg, Standard Chartered has again lowered its Bitcoin price forecast, predicting a further drop to around $50,000 before rebounding to $100,000 by the end of 2026, a one-third reduction from its previous target of $150,000. The bank's analysis states that since the market crash in October, Bitcoin ETF holdings have decreased by nearly 100,000 coins from their peak, leaving holders with an average purchase price of approximately $90,000 currently experiencing paper losses. The report points out that while the US economy may weaken, market expectations of no further interest rate cuts before Kevin Warsh takes over as Federal Reserve Chairman, this macroeconomic environment, coupled with continued capital outflows, may continue to suppress the prices of crypto assets, including Bitcoin and Ether, in the coming months.