Bitcoin Analysts See Hope for a Second-Half Rebound

Bitcoin has been struggling to regain momentum this year, but some analysts believe that the second half of 2026 could be more auspicious for the asset.

Geoff Kendrick, Standard Chartered's global head of digital assets research, wrote in a June 12 note that bitcoin may have seen its cycle low at $59,000. He pointed to two catalysts: the G7-related US-Iran peace deal and impending mega IPOs.

Kendrick said that if true, it could signal an end to higher oil prices and therefore higher UST yields, which are putting pressure on risk assets.

However, JPMorgan analysts have a more subdued outlook for the second half of the year. They say a rebound hinges on two factors: Digital Asset Treasuries providing clarity over their strategies for meeting dividend payments, and the approval of the CLARITY Act.