Standard Chartered has updated its forecast for Bitcoin, projecting the cryptocurrency to reach $135,000 by the third quarter of 2025 and potentially climb to $200,000 by the end of the year. The bank attributes this anticipated growth to increased inflows into Bitcoin exchange-traded funds (ETFs), rising corporate treasury demand, and supportive policy developments including Federal Reserve interest rate cuts and stablecoin legislation. Standard Chartered also highlighted tightening supply dynamics and growing institutional adoption as factors contributing to the bullish outlook. The bank's long-term target for Bitcoin is $500,000 by 2028, reflecting sustained confidence in the asset's appreciation potential. The forecast implies a market capitalization of approximately $1.1 trillion for Bitcoin by year-end 2025. While some short-term volatility may occur between late Q3 and early Q4, Standard Chartered maintains that the $200,000 target remains achievable within the year.