JPMorgan has officially set its year-end Bitcoin price target at $165,000, countering misinformation about a $200,000 forecast. The latter figure, circulating on social media, is attributed to Standard Chartered, not JPMorgan. Managing Director Nikolaos Panigirtzoglou highlighted ETF inflows and Bitcoin's role as digital gold as key factors in their projection. This clarification seeks to align market expectations and prevent speculative disruptions.