Standard Chartered Bank has revised its 2026 Bitcoin price target down by 33% to $100,000, anticipating an initial drop to $50,000. The bank's latest forecast, reported by Bloomberg, marks a significant reduction from its previous target of $150,000. This adjustment comes amid a decline in Bitcoin ETF holdings, which have fallen by nearly 100,000 coins since October, leaving investors with an average purchase price of $90,000 and facing paper losses. The bank's analysis suggests that the current macroeconomic environment, characterized by a weakening US economy and expectations of no further interest rate cuts before Kevin Warsh assumes the role of Federal Reserve Chairman, could continue to exert downward pressure on crypto assets. This includes both Bitcoin and Ether, as capital outflows persist in the coming months.