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Wall Street’s biggest Bitcoin bulls are dialing back their near-term forecasts after the recent downdraft, but their long-term conviction hasn’t wavered.
Standard Chartered Plc, a longtime crypto proponent, halved its Bitcoin price forecasts as demand from corporate treasuries collapses and ETF flows falter. The bank now expects the original cryptocurrency to climb to $150,000 by the end of 2026, down from a previous projection of $300,000, and has delayed its $500,000 long-term target to 2030 from 2028.