Standard Chartered analyst apologizes for $120,000 bitcoin price call, says target 'may be too low'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2025
0mins
Source: CNBC
Analyst's Revised Bitcoin Prediction: Geoffrey Kendrick from Standard Chartered has revised his previous bitcoin price target of $120,000 for Q2 2025, suggesting it may be too low due to increased institutional inflows and changing market dynamics.
Current Market Trends: As bitcoin approaches the $100,000 mark, Kendrick highlights significant investments from major players like MicroStrategy and sovereign wealth funds, indicating a growing trend of strategic asset reallocation towards bitcoin.
Analyst Views on MSTR
Wall Street analysts forecast MSTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSTR is 453.17 USD with a low forecast of 229.00 USD and a high forecast of 705.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 160.980
Low
229.00
Averages
453.17
High
705.00
Current: 160.980
Low
229.00
Averages
453.17
High
705.00
About MSTR
Strategy Inc., formerly MicroStrategy Incorporated, is a bitcoin treasury and business intelligence company. The Company provides cloud-native, artificial intelligence (AI)-powered enterprise analytics software to thousands of global customers. The Company’s Strategy ONE platform provides access to AI-powered workflows, unlimited data sources, cloud-native technologies, and performance to speed up time from data to action. Strategy One delivers visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Its Strategy Mosaic is a universal intelligence layer that provides enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The Strategy Mosaic offers data clarity and connection by eliminating trade-offs between flexibility, control, and speed.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
