21Shares expects Bitcoin could rebound to $100,000 by year-end

CoinFeed, June 24 – According to The Block, asset manager 21Shares stated in its latest semi-annual report that Bitcoin's current pullback is "broadly similar" to post-halving performance in past cycles, and gave a base-case year-end price target of around $100,000. The report noted that Bitcoin has retreated from a high of about $126,000 touched in October 2025 to around $62,000 currently, still significantly above the average cost basis of all investors at approximately $54,000, and has not yet broken below that cost level. 21Shares believes this indicates the current correction is milder than in previous cycles, with stickier market capital; meanwhile, global crypto ETP assets under management stand at about $140 billion, collectively holding around 1.25 million BTC, down only about 8% from the prior peak, mainly driven by price fluctuations rather than large-scale redemptions.