Geoffrey Kendrick from Standard Chartered admitted his $120,000 Bitcoin Q2 forecast may be "too low" as BTC nears $100,000. He cited surging institutional inflows as the market’s driving force. Spot Bitcoin ETFs have attracted $5.3 billion in the past three weeks. Major entities like MicroStrategy, Abu Dhabi’s sovereign wealth fund, and the Swiss National Bank are increasing their Bitcoin exposure, signaling a clear trend of strategic asset reallocation.