Has bitcoin hit bottom? Standard Chartered's answer is yes! Galaxy pours cold water: only dropping to 40,000 is the "real bottom"

According to the Wise Finance APP, the Bitcoin market is witnessing a rare analyst "bullish bear confrontation" in recent years. Faced with the harsh reality of Bitcoin plummeting by more than 50% since reaching a historical high of about $126,000 in October 2025, two top financial institutions have come to completely opposite conclusions. Geoffrey Kendrick, Director of Digital Asset Research at Standard Chartered Bank, believes that around $59,000 may be the bottom of this cycle; while Galaxy Digital released a report on the same day stating that only four bottom signals have been triggered, and the basic bottom should be in the range of $40,000 to $46,000, with a deeper decline possibly pushing Bitcoin to $30,000 to $37,000.