Standard Chartered Sets Bitcoin $100K Year-End Target, Ethereum and Solana Forecasts

Standard Chartered announced year-end 2026 price targets for Bitcoin, Ethereum, and Solana at the Digital Asset Investment Analysis Forum 2026 in Yeouido, South Korea. Geoff Kendrick, head of digital asset research at the British banking giant, predicted Bitcoin would reach $100,000 by the end of the year and $500,000 in 2030, driven by increased inflows into US spot ETFs and from institutional investors. Standard Chartered has recently focused on the DeFi space beyond Bitcoin and Ethereum, examining protocols including Uniswap, Morpho, and Aave, with prior predictions of a 40x increase for Uniswap, 50x for Aave, and 33x for Morpho.

Kendrick Sets Bitcoin Price Targets and Identifies Resistance Levels

Kendrick stated that Bitcoin will rise to $100,000 by the end of this year. In the short term, $75,000 and $85,000 could act as significant resistance levels. If Bitcoin breaks above these levels, it could reach $100,000 by the end of the year. Kendrick noted that some analysts expect Bitcoin to fall to $20,000 to $30,000 in the fourth quarter, but stated that this probability is close to zero. The analyst stated that Bitcoin is nearing its bottom and that now is the time to accumulate through gradual buying rather than panic selling.

Standard Chartered Forecasts Ethereum and Solana Year-End Prices

Kendrick predicted that Ethereum will reach $4,000 and Solana will reach $135 by the end of the year. The analyst stated that stablecoins, Ethereum, Solana, and decentralized finance (DeFi) will be key growth catalysts.

Analyst Notes Spot ETF Holder Behavior During Recent Price Drop

Kendrick noted that spot Bitcoin ETF holders largely held onto their positions despite the recent price drop. The analyst argued that this increases the likelihood of a different market cycle than in past downturns.

FAQ

What price did Standard Chartered predict for Bitcoin by the end of the year?

Standard Chartered's Geoff Kendrick predicted Bitcoin would reach $100,000 by the end of the year and $500,000 in 2030.

What are the short-term resistance levels for Bitcoin according to Kendrick?

Kendrick stated that $75,000 and $85,000 could act as significant resistance levels in the short term.

What year-end targets did Standard Chartered set for Ethereum and Solana?

Kendrick predicted Ethereum will reach $4,000 and Solana will reach $135 by the end of the year.