Bitcoin is no longer only discussed by cryptocurrency traders and retail bulls. Some of the world’s largest banks are now attaching six-figure targets to the leading cryptocurrency, and this is a major step Change in how Wall Street Looking forward to the next Bitcoin cycle. Major banks, including Citi, JPMorgan, Goldman Sachs, Standard Chartered, and TD Cowen, point to a future where the BTC price trades well above current levels, with many forecasting between $140,000 and $200,000.
Banks and their 6-figure forecasts for Bitcoin
Not long ago, “scam” and “Ponzi scheme” were the most common ways to describe Bitcoin on Wall Street. The same institutions that are now expecting six-figure price targets have spent years trying to convince investors to part ways with the asset entirely. The most interesting BTC price forecast is from Citi. City Predict a basic condition $143,000 worth of BTC, with its bull case reaching $189,000. The outlook is tied to stronger institutional demand and the idea that Bitcoin could continue to absorb capital through ETFs.
JPMorgan’s outlook is similarly bullish, with analysts at the bank pointing to a $170,000 scenario based on Bitcoin’s valuation compared to gold. The bank’s model suggests that Bitcoin still has room to fill the gap with gold as a store-of-value asset, especially if there is continued demand for ETFs.
Goldman Sachs has highlighted its view as a scenario, and the number is also noteworthy. Goldman’s digital assets team sees the potential Until Bitcoin comes close $200,000 in 2026.
Standard Chartered has taken the longer view of the group. The bank revised its end-2026 target to nearly $100,000, citing reduced buying from digital asset treasury firms and slowing ETF inflows. However, Standard Chartered still maintains its long-term forecast of $500,000 by 2030. TD Coin rounds out the group with a target of $140,000, the lowest forecast of the group.
Bitcoin price forecasts from banks. Source: @CryptoPatel on X
Are major banks moving to Bitcoin?
The contrast between Wall Street’s past stance and its current research output is interesting, especially with JP Morgan. Back in September 2017, when Bitcoin was trading at around $4,200, JPMorgan CEO Jamie Dimon said… It’s called cryptocurrency Scam At an investor conference, he compared it to tulip bulbs and said he would fire in a second any trader caught trading it.
But things have changed now, Reports indicate That JPMorgan Chase & Co. In the process of providing cryptocurrency trading services to institutional clients. Goldman Sachs also revealed in a regulatory filing that it owns about $1 billion worth of Bitcoin, along with CEO David Solomon. Confirms that too He personally owns a small amount of the asset.
Citi, Morgan Stanley, JPMorgan, and Goldman Sachs Everything new has been announced Bitcoin-related products over the past three months, which include custody, trading, ETF deposits and direct purchases. Banks that once called BTC a scam are now plotting their way to $200,000. according to Crypto Patel Analyst, This is not an endorsement. This is surrender.
Featured image created with Dall.E, chart from Tradingview.com
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