21Shares maintains $100K Bitcoin target amid correction

21Shares maintains a $100,000 year-end Bitcoin target, citing a milder correction, stable capital flows, and strong institutional support despite Bitcoin's drop from $126,000 to $62,000.

21Shares, in its latest mid-year market report, reaffirms a $100,000 year-end price target for Bitcoin, despite the cryptocurrency's sharp decline from its October 2025 peak of around $126,000 to current levels near $62,000. The firm observes that Bitcoin's current correction aligns with historical post-halving cycles but is less severe than previous downturns, which often saw drawdowns exceeding 80%. Bitcoin has remained above its aggregate investor cost basis of approximately $54,000, avoiding the deep capitulation phases seen in past bear markets. 21Shares interprets this resilience as a sign of greater market maturity and more stable capital flows, supported by increased institutional involvement and the influence of ETFs. Global crypto ETP assets under management stand at about $140 billion, holding around 1.25 million BTC. The recent declines are attributed mainly to price fluctuations rather than large-scale redemptions. Additionally, 21Shares highlights robust activity in prediction markets, though DeFi’s total value locked remains below forecasts due to security incidents. Overall, the firm views the current market as resilient and expects a recovery toward $100,000 by year-end.