Standard Chartered says Bitcoin should reach $135,000 during the third quarter and hit $200,000 before 2025 ends. The call matters because big fund managers pay attention, ETF money moves on such targets, and retail buyers, company treasurers plus futures traders all react. The projection lands into a market already shaped by spot ETF demand.
The bank’s note gives $135,000 for Q3 and $200,000 for December, framing two clear checkpoints for the year. The reason is simple: spot ETFs have already pulled in more than $14.8 billion, a pile described as an “even floor” of institutional demand. An ETF is just a regulated fund that tracks Bitcoin and trades like a normal stock, making institutional participation easier.
Price action has already tested the idea: on 6 October 2025 Bitcoin peaked at $126,270, then slid hard around 10 October to land between $107,000 and $108,000. Quotes now sit between $105,000 and $111,000 — a 12.87% drop from the top, with some single days down 1.17%. The Fear & Greed gauge swung from 43 to 74, reflecting nerves and greed in quick turns.
Bitcoin at $200,000 by end-2025
Small buyers remain stubborn: a Bitget survey for Q3 2025 says two out of three users still plan to buy more coins, keeping retail interest alive. Longer-term guesses go higher, with some models pointing at $308,966 in 2029 and, in wild bull cases, $1 million, though such outcomes are speculative.
Wars add doubt. The Russia–Ukraine fight has lasted 1,199 days, and fresh strikes as well as counter-strikes keep risk appetite fragile. When Moscow calls a fresh proposal “an act of war,” global markets shudder and crypto does not escape.
In short, the bank has hung two clear dates on the wall — Q3 and December 2025. Whether you buy will hinge on how much risk you accept and on how ETF flows and the next geopolitical headline develop.
