21Shares Sees Bitcoin Surging to $100K by End of 2026 Amid Signs of Market Maturity

21Shares' mid-year report suggests that Bitcoin's price could reach $100,000 by the end of 2026. The asset manager pointed out that the current pullback tracks closely with patterns seen after past halving events, with the drawdown remaining far smaller than the corrections of more than 80% seen in earlier cycles.

The report notes that Bitcoin has remained above its aggregate investor cost basis of $54,000 throughout the downturn, a sign of a more mature market with steadier capital flows. This contrasts with earlier downturns where investors saw their assets drop below this level.

Global crypto exchange-traded product (ETP) assets under management stood at about $140 billion as of May 2026, a decline of roughly 15% since the start of the year. The report highlights new product launches and increased trading volumes in decentralized finance, but notes that total value locked remains well below the firm's $300 billion forecast.