Standard Chartered has slashed its Bitcoin price forecast for 2026, cutting its target by 33% and warning of further pain ahead. The bank now sees the cryptocurrency potentially falling to $50,000 before any recovery, marking the second downward revision in under three months.

This latest adjustment reflects growing caution about Bitcoin's trajectory amid market volatility and shifting sentiment. The British bank's analysts previously maintained a more optimistic outlook, but have now significantly tempered expectations for the digital asset's performance over the next two years.

The revised forecast signals a notable shift in institutional sentiment toward cryptocurrencies. With Bitcoin having experienced substantial price swings recently, Standard Chartered's updated target suggests the bank anticipates additional downside pressure before any potential rebound, highlighting the ongoing challenges facing the cryptocurrency market.