21Shares expects Bitcoin to rebound to $100,000 by the end of the year

According to The Block, asset management firm 21Shares stated in its latest semi-annual report that the current pullback trend of Bitcoin is "generally similar" to previous performances after halving, and provided a benchmark price expectation of around $100,000 by the end of the year.

The report pointed out that Bitcoin fell back after reaching a high of about $126,000 in October 2025, currently around $62,000, still significantly higher than the average cost of all investors at about $54,000, and has not yet fallen below that cost range.

21Shares believes this indicates that the current pullback is milder compared to previous cycles, with market funds being more sticky; meanwhile, the global cryptocurrency ETPs manage about $140 billion in assets, holding approximately 1.25 million BTC, which has only dropped about 8% from previous highs, mainly affected by price fluctuations rather than large-scale redemptions.