Recently, Geoffrey Kendrick, global head of digital asset research at Standard Chartered, boldly predicted that Bitcoin will break through $120,000 in the second quarter of 2025 (Q2), setting a new historical high, and maintaining its target price of $200,000 by the end of 2025. This prediction quickly ignited market enthusiasm, and along with the latest views from other authoritative institutions and media, Bitcoin's future trajectory has become the focus of investor attention. This article is based on the latest information after April 2025, summarizing the predictions of Standard Chartered and other authoritative institutions, analyzing the core factors affecting Bitcoin's price in Q2, and providing readers with high-value insights.
Bitcoin Q2 2025 price outlook: Standard Chartered predicts a breakthrough of $120,000.
Standard Chartered: $120,000 is just the starting point, and decentralization features make it the preferred safe haven.
According to cryptocurrency media The Block, Geoffrey Kendrick believes that Q2 2025 will be a critical juncture 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 nature; secondly, 'whale' investors are continuously accumulating, 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 against the backdrop of increasing global economic uncertainty. He stated in his report: 'Now is an excellent time to buy Bitcoin.'
Standard Chartered's optimistic forecast is not isolated. On April 28, 2025, X user @wei23131234 posted that a macro liquidity turning point is forming, and trends such as negative yields on U.S. debt, stablecoin issuance, and global capital seeking safe-haven assets will drive Bitcoin to welcome the 'next climax' in Q2. This 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 X posts do not constitute authoritative evidence, they reflect market enthusiasm for Standard Chartered's predictions.
Other institutional forecasts: Optimism and caution coexist.
Although Standard Chartered's prediction is bold, other authoritative institutions present a diversified view of Bitcoin's trend in Q2 2025, with optimism and caution coexisting.
Galaxy Digital: According to Cointelegraph's report on April 15, 2025, Galaxy Digital's research director Alex Thorn expects Bitcoin to break through $150,000 in the first half of 2025, potentially reaching the range of $130,000 to $140,000 in Q2. Thorn believes that accelerated institutional adoption, continued inflow of U.S. spot Bitcoin ETFs, and the friendly policies of the Trump administration 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: Jamie Coutts, chief crypto analyst at Real Vision, 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 weaker dollar from the Fed, and increased liquidity injections from the Chinese central bank. He also noted that Bitcoin's recent rise in sync with gold indicates its status as an independent asset class is solidifying.
Cautious voices: Not all institutions are so optimistic. Bloomberg cited Morgan Stanley's cryptocurrency research team on April 10, 2025, stating that Bitcoin may face pullback pressure in Q2, with prices likely fluctuating between $100,000 and $110,000. Morgan Stanley believes that the new tariff policy of the Trump administration and uncertainty around U.S. interest rates may trigger short-term market volatility, advising investors to be wary of high volatility risks. Additionally, on April 25, 2025, they referenced Standard Chartered's long-term target of $500,000, but also reminded investors to focus on whether Bitcoin has truly entered a 'new paradigm' to cope with potential market adjustments.
Core driving factors: policy, ETF, and market sentiment.
Comprehensive predictions indicate that the price trends of Bitcoin in Q2 2025 are driven by the following key factors:
Policy environment: After the Trump administration came to power, expectations for crypto-friendly policies have risen. On April 23, 2025, it was posted that Trump called for the Fed to cut interest rates, indicating that favorable policies are gradually being realized. Additionally, the Standard Chartered report mentioned that if the SEC were to abolish the SAB121 regulatory document, traditional institutions like banks would find it easier to enter the crypto market, further increasing demand. ETF inflows: The U.S. spot Bitcoin ETF has attracted significant institutional funds since 2024. Standard Chartered data shows that inflows reached 683,000 BTC in 2024, and Q2 2025 is expected to maintain strong momentum. Galaxy Digital predicts that by 2025, ETF assets under management will exceed $250 billion, with institutional funds becoming the 'engine' for price increases.
Market sentiment and technical analysis: 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. Meanwhile, 'whale' accumulation and retail FOMO (fear of missing out) sentiment may further amplify price fluctuations.
Risk warning: Volatility and uncertainty.
Despite optimistic forecasts dominating, investors still need to be wary of risks. Bitcoin's high volatility means a significant pullback could occur in Q2, and Morgan Stanley's $110,000 fluctuation range prediction serves as a reminder. Additionally, tightening global monetary policies, regulatory uncertainties, and geopolitical risks could all exert pressure on the market. On April 22, 2025, X user @MetaEraCN referenced Standard Chartered's view that concerns over the Fed's independence could drive up Bitcoin prices, but if the macroeconomic situation worsens, risk assets may collectively come under pressure.
In summary, Standard Chartered's $120,000 prediction sets an optimistic tone for Bitcoin's trend in Q2 2025, while forecasts 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 decentralization features allow Bitcoin 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.
