Standard Chartered Sees Crypto Winter Ending With BTC and ETH Targets Holding

Standard Chartered's digital-assets research head Geoffrey Kendrick believes that the recent crypto selloff has likely marked the cycle bottom. This means that Bitcoin and Ethereum are poised to rebound, according to Kendrick. He predicts that Bitcoin will reach $100,000 by year-end, while Ethereum is expected to hit $4,000.

Kendrick points out that the current crypto winter may be over, as forced selling, weak ETF flows, and liquidity stress have already done their damage. The market now awaits confirmation through renewed spot Bitcoin ETF inflows and stronger institutional buying. This would give a clear signal that the bottom has been reached.

Ethereum's weakness has been severe, but Kendrick expects it to outperform Bitcoin in the near term. He notes that network activity, stablecoin settlement, and tokenization demand remain stronger than ETH's price performance suggests. A rebound in the ETH/BTC ratio would be a clear signal of investors reprice Ethereum's role.