Standard Chartered Bank has again lowered its Bitcoin target price for 2026 to $100,000, believing it may first drop to $50,000 before rebounding

According to Bloomberg, Standard Chartered Bank has lowered its Bitcoin price forecast for the second consecutive time, reducing the target price from $150,000 to $100,000, a decrease of 33%. In a report released on Thursday, the bank warned that the price of Bitcoin could drop to $50,000 before rebounding.

It is worth noting that this is the second time Standard Chartered Bank has lowered its Bitcoin forecast within three months. Last December, the bank had already reduced its original target price from $300,000 to $150,000.