Standard Chartered financial analysts have declared the end of the cryptocurrency winter, asserting that Bitcoin completed its market bottom near the $59,000 level. In a research note released on June 13, 2026, the banking giant projected a bullish trajectory for the premier digital asset, setting a new price target of $100,000 as institutional demand stabilizes.
The bank’s assessment comes as Bitcoin price action shows signs of recovery following a volatile second quarter. According to the report, the $59,000 threshold served as a structural floor, absorbing significant sell pressure from both retail liquidations and miner capitulation. This stabilization suggests the market has moved into a new phase of accumulation.
Standard Chartered’s analysts pointed to several macroeconomic factors as catalysts for this shift. Improving liquidity conditions and a clearer regulatory environment in major markets have encouraged long-term holders to increase their positions. This trend aligns with recent data showing Bitcoin supply on exchanges hitting multi-year lows as investors move assets into private custody.
Bitcoin price targets six figures as accumulation intensifies
The move toward a $100,000 valuation is no longer viewed as a speculative outlier by the bank’s researchers. They argue that the exhaustion of sell-side pressure, combined with the successful absorption of recent ETF outflows, has cleared the path for upward momentum. This optimistic outlook follows a period where Bitcoin targets $70,000 support during a phase of heavy institutional rebalancing.
Geopolitical shifts are also playing a role in this renewed confidence. As several nations explore digital assets for strategic reserves, the narrative for Bitcoin as “digital gold” has strengthened. Analysts noted that the market’s resilience during high-interest-rate environments has proven its maturity to skeptical global investors.
Market structure shifts toward long term stability
While the $59,000 bottom is a technical milestone, the underlying market structure has seen a fundamental change. The report highlights that “weak hands” have largely exited the market, leaving a higher concentration of coins with entities that have a lower propensity to sell. This reduction in available liquid supply creates a “supply shock” scenario when demand spikes.
Short-term volatility remains a factor, but the bank suggests that the 200-day moving average is becoming a more reliable indicator for buyers. Many Bitcoin traders prioritise the 200-day moving average to identify entry points, and current price action remains comfortably above this critical technical benchmark.
Institutional appetite and the end of crypto winter
The “crypto winter” label, which has haunted the industry since the previous cyclical downturn, is officially outdated according to the Standard Chartered team. They cite the influx of institutional-grade infrastructure and the launch of new financial products as evidence of a permanent thaw. This transition is marked by a move away from purely speculative trading toward value-based investing.
The bank also noted that the cooling of the “sell the news” sentiment following major network upgrades has allowed the market to focus on fundamentals. With inflation concerns lingering in traditional fiat currencies, the fixed supply of Bitcoin continues to attract capital looking for a hedge against monetary debasement.
As the market moves into the second half of 2026, all eyes will be on the $75,000 resistance level. Breaking this psychological barrier would likely trigger the “parabolic” phase mentioned in the bank’s forecast. For now, the successful defense of the $59,000 floor provides the necessary foundation for this projected rally to $100,000.