Standard Chartered Bank released a new report, suggesting Bitcoin is poised to reach a new ATH during the second quarter of 2025. According to Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, strong BTC accumulation and a strategic reallocation by U.S. investors away from domestic assets will likely drive the next major rally.
Kendrick explained that several key indicators support a bullish outlook for BTC, noting:
“We expect strategic reallocation by investors away from US assets in the coming months to trigger a sharp rally in Bitcoin.”
Key Drivers: Whale Activity and ETF Inflows
The report emphasized two critical factors fueling optimism:
Whale Accumulation: Wallets holding more than 1,000 BTC have been steadily increasing their holdings, even during the recent tariff-induced price dip and the subsequent recovery sparked by Federal Reserve independence concerns. ETF Inflows: Kendrick highlighted rising ETF inflows over the past week, suggesting a reallocation trend from gold toward Bitcoin as institutional interest strengthens.Price Targets: $120,000 Soon, $200,000 by Year-End
Standard Chartered forecasts that Bitcoin could climb from its current ~$95,000 level to around $120,000 during Q2 2025. Beyond that, the bank expects momentum to continue through the summer, driving Bitcoin toward a $200,000 price target by the end of the year.
“The timing of the rally is difficult to determine, but we think it is imminent. We expect Bitcoin to reach a new all-time high around $120,000 in Q2, with further gains pushing BTC to $200,000 by year-end.”
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