Bitcoin Price Prediction from Standard Chartered’s Geoff Kendrick

Bitcoin’s climb back above $120,000 has reignited bullish forecasts, with Standard Chartered Bank doubling down on its outlook for the world’s largest cryptocurrency.

Geoff Kendrick, head of digital assets research at Standard Chartered, said this week that Bitcoin could rally to $135,000 in the near term. He reiterated his bold projection of $200,000 by the end of 2025, a figure that once looked lofty but now appears increasingly attainable given current momentum.

Kendrick’s confidence rests on three pillars: sustained ETF inflows, accelerating adoption, and resilient market sentiment despite ongoing macroeconomic uncertainty.

Institutional Flows Drive Optimism

Spot Bitcoin ETFs have already drawn $58 billion in inflows, including $23 billion this year alone. Kendrick projects another $20 billion could enter before year-end, reinforcing the supply squeeze that has historically supported major rallies.

“ETF demand continues to provide a structural bid for Bitcoin,” Kendrick noted, arguing that institutional allocations are reshaping the market’s foundations.

Uptober Momentum

The latest surge also coincides with a seasonal trend. Traders often refer to October as “Uptober,” pointing to historical data showing strong Q4 performances for Bitcoin. The cryptocurrency has so far weathered volatility from the U.S. government shutdown, signaling that bullish sentiment remains intact.

The Fear & Greed Index recently shifted into neutral territory at 51, climbing from bearish levels just weeks ago, a sign that confidence is returning to the market.

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Path To $200K

While near-term targets sit around $135K, Standard Chartered’s $200K projection for 2025 highlights the bank’s conviction that Bitcoin’s role as a digital alternative to gold is strengthening. Kendrick emphasized that if ETF inflows continue at their current pace, supply dynamics could trigger a historic rally into 2026.

Outlook

With ETF demand climbing and October off to a bullish start, Bitcoin’s latest rally may just be the beginning. If Kendrick’s forecasts hold, the final months of 2025 could mark one of the most dramatic finishes in the asset’s history, potentially redefining how both retail and institutional investors view Bitcoin’s place in global markets.