Українська
Русский
English
Bitcoin may fall to $50,000 in the coming weeks, Kendrick warns
Standard Chartered has lowered its short-term forecasts for digital asset prices, warning of further declines before a recovery later this year.
Geoff Kendrick, Global Head of Digital Asset Research at StanChart, said the recent price movement has been “to put it mildly, challenging,” and believes further losses are likely in the coming months.
“We expect further price capitulation in the coming months,” he said, forecasting Bitcoin and Ethereum to fall to $50,000 and $1,400 respectively.
The latest sell-off was less extreme than in 2022 and did not trigger the collapse of any major platforms, which indicates “that the asset class is maturing and becoming more resilient,” Kendrick wrote.
Digital ETF volumes have declined “in an orderly fashion,” he said, with average Bitcoin ETF volume now down about 25%. The analyst estimates that Bitcoin ETF holdings have decreased by nearly 100,000 coins from the peak in October 2025. With an average ETF purchase price around $90,000, many investors are in a “zone of sharp unrealized losses,” Kendrick noted.
Against this backdrop, the analyst argues that ETF holders are “more likely to sell than to buy the dip, for now.” Therefore, he sees potential for Bitcoin to fall to or slightly below $50,000 in the coming months. If this level is reached, Ethereum could bottom around $1,400.
Macroeconomic conditions are also viewed as unfavorable. Kendrick points to mixed U.S. economic data and says markets do not expect rate cuts until a change in Federal Reserve leadership in June, which makes digital assets vulnerable to weaker inflows.
Despite the short-term downgrade, Standard Chartered maintains a constructive long-term outlook. “Once the lows are reached, we expect a recovery in the asset class throughout the remainder of 2026,” he said in a note.
Kendrick now forecasts Bitcoin at $100,000 by the end of 2026, down from the previous forecast of $150,000, and Ethereum at $4,000 compared to the earlier $7,500 projection. Long-term targets through 2030 remain unchanged.
See also: "CryptoRank analysts reported a strong bearish signal for bitcoin."
