Major financial institutions are tempering their expectations. Standard Chartered recently slashed its year-end 2026 forecast from $150,000 down to $100,000, citing weakening momentum. Conversely, JPMorgan analysts remain more optimistic, reiterating a long-term target of $266,000, though they noted Bitcoin’s production cost has dropped to roughly $77,000 due to changes in mining difficulty$BTC #GateSquare$50KRedPacketGiveaway
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Institutional Target Revisions
Major financial institutions are tempering their expectations. Standard Chartered recently slashed its year-end 2026 forecast from $150,000 down to $100,000, citing weakening momentum. Conversely, JPMorgan analysts remain more optimistic, reiterating a long-term target of $266,000, though they noted Bitcoin’s production cost has dropped to roughly $77,000 due to changes in mining difficulty$BTC #GateSquare$50KRedPacketGiveaway