Bitcoin (CRYPTO: BTC) could bottom between $50,000 and $60,000 before rallying to $100,000 by year-end, according to major institutional strategists.

The $50,000-$60,000 Bottom Call

Jeff Kendrick, global head of digital asset research at Standard Chartered, says any dip below $60,000 is a buying opportunity with $50,000 as a potential target. 

“I could see us back to $100,000 by the end of this year,” Kendrick said, targeting mid-to-late May as when risk assets might base.

“Everything internally is improving but the price of the stock is going down,” Kendrick added, comparing crypto’s current state to Jeff Bezos describing Amazon in the late 1990s. 

The underlying infrastructure…

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