Recently, Geoffrey Kendrick, the global head of digital asset research at Standard Chartered Bank, boldly predicted in a recent report that Bitcoin will surpass $120,000 in the second quarter (Q2) of 2025, setting a new historical high, and maintained its target price of $200,000 by the end of 2025. This prediction quickly ignited market enthusiasm, and combined with the latest views from other authoritative institutions and media, the future trend of Bitcoin has become the focus of investors. This article organizes the predictions from Standard Chartered Bank and other authoritative institutions based on the latest information after April 2025, analyzes the core factors affecting Bitcoin's price in Q2, and provides readers with high-value insights.

Standard Chartered Bank: $120,000 is just the starting point, decentralized features become the preferred safe haven

According to cryptocurrency media The Block, Geoffrey Kendrick believes that Q2 2025 will be a key turning point for Bitcoin's price surge. He pointed out that multiple factors support Bitcoin's rise: first, U.S. investors are accelerating the shift of funds from traditional assets to non-U.S. assets, with Bitcoin becoming the preferred choice due to its global and decentralized characteristics; second, "whale" investors (institutions or individuals holding large amounts of Bitcoin) are continuously increasing their holdings, indicating high market confidence; additionally, the inflow of funds into U.S. spot Bitcoin ETFs is significant, with a noticeable shift of funds from traditional safe-haven assets like gold to Bitcoin. Kendrick emphasized that Bitcoin's decentralized ledger makes it superior to gold in hedging financial system risks, especially in the context of increasing global economic uncertainty. He stated in the report, "Now is an excellent time to buy Bitcoin."

Standard Chartered Bank's optimistic prediction is not isolated. On April 28, 2025, X user @wei23131234 posted that a macro liquidity turning point is forming, and the trends of negative yields on U.S. debt, the issuance of stablecoins, and global capital seeking safe-haven assets will drive Bitcoin to welcome the "next peak" in Q2. The user further pointed out that Bitcoin is not just a price symbol but a "collective vote" against the traditional financial system in the digital finance era. Although the X post does not constitute authoritative evidence, it reflects the market's enthusiastic response to Standard Chartered's prediction.

Other Institutions' Predictions: Optimism and Caution Coexist

While Standard Chartered Bank's prediction is bold, other authoritative institutions present a diversified view on Bitcoin's trend in Q2 2025, with both optimism and caution.

• Galaxy Digital: According to a Cointelegraph report on April 15, 2025, Galaxy Digital's research director Alex Thorn expects Bitcoin to surpass $150,000 in the first half of 2025, with Q2 potentially reaching the range of $130,000 to $140,000. Thorn believes that the acceleration of institutional adoption, the continued inflow of U.S. spot Bitcoin ETFs, and the Trump administration's friendly policies towards cryptocurrencies are the main driving forces. He specifically mentioned that the lagging effects of the 2025 halving will further manifest in Q2, with reduced supply pushing prices higher.
• Real Vision: Real Vision's chief crypto analyst Jamie Coutts stated in an analysis on April 20, 2025, that Bitcoin is expected to break through the historical high of $109,000 by the end of Q2, or approach $125,000. Coutts predicts that Bitcoin will "reach new highs faster than expected" based on macro factors such as global liquidity easing, a weak dollar from the Federal Reserve, and increased liquidity injections from the People's Bank of China. He also noted that Bitcoin's recent rise in sync with gold indicates that its status as an independent asset class is solidifying.
• Cautious Voices: Not all institutions are so optimistic. Bloomberg cited the views of Morgan Stanley's crypto research team on April 10, 2025, stating that Bitcoin may face correction pressure in Q2, with prices fluctuating in the range of $100,000 to $110,000. Morgan Stanley believes that the new tariff policies from the Trump administration and uncertainty in U.S. interest rates could trigger short-term market volatility, advising investors to be wary of high volatility risks. Additionally, on April 25, 2025, X user @cryptomayflower referenced Standard Chartered's long-term target of $500,000 but also reminded investors to pay attention to whether Bitcoin has truly entered a "new paradigm" to cope with potential market adjustments.

Core Driving Factors: Policy, ETFs, and Market Sentiment

Based on various predictions, the price trend of Bitcoin in Q2 2025 is driven by the following key factors:

Policy Environment: After the Trump administration took office, expectations for crypto-friendly policies have warmed. On April 23, 2025, X user @a85508529 posted that Trump called for the Federal Reserve to cut interest rates, indicating that favorable policies are gradually being realized. Furthermore, the Standard Chartered report mentioned that if the U.S. Securities and Exchange Commission abolishes the SAB121 regulatory document, traditional institutions like banks will find it easier to enter the crypto market, further boosting demand. ETF Inflows: The U.S. spot Bitcoin ETF has attracted a large amount of institutional funds since 2024. Standard Chartered Bank's data shows that the inflow reached 683,000 BTC in 2024, and it is expected to maintain strong momentum in Q2 2025. Galaxy Digital predicts that the asset management scale of ETFs will exceed $250 billion in 2025, with institutional funds becoming the "engine" for price increases.

Market Sentiment and Technical Aspects: AiCoin's technical analysis shows that Bitcoin has broken through the key resistance level of $93,000, with Q2 targets pointing above $96,000, indicating strong bullish momentum. At the same time, the accumulation by "whales" and retail FOMO (fear of missing out) sentiment may further amplify price fluctuations.

Risk Warning: Volatility and Uncertainty

Despite the mainstream optimistic predictions, investors still need to be wary of risks. The high volatility of Bitcoin means that significant corrections may occur in Q2, and Morgan Stanley's prediction of an $110,000 fluctuation range serves as a reminder. Additionally, tightening global monetary policies, regulatory uncertainties, and geopolitical risks may put pressure on the market. On April 22, 2025, X user @MetaEraCN referenced Standard Chartered's view that concerns over the Federal Reserve's independence could push Bitcoin prices higher, but if the macroeconomic situation worsens, risk assets may collectively come under pressure.

Conclusion: Q2 May Be a Key Turning Point

In summary, Standard Chartered Bank's prediction of $120,000 sets an optimistic tone for Bitcoin's trend in Q2 2025, while predictions from Galaxy Digital and Real Vision further reinforce bullish expectations. Favorable policies, ETF inflows, and market sentiment will be the core driving forces in Q2, while Bitcoin's decentralized characteristics allow it to stand out in safe-haven demand. For investors, reasonable asset allocation and close attention to macro dynamics and technical signals will be key to seizing opportunities and avoiding risks in Q2. The next historic moment for Bitcoin may be just around the corner.

This article only represents the author's personal views and does not reflect the stance and views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone.

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