Bitcoin could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term government bond market, Standard Chartered digital asset research head Geoff Kendrick said in a recent client report. Kendrick said Bitcoin’s key technical resistance is currently $65,500; a break above that level could indicate that the low of the current market cycle has formed. He also cited Bitcoin’s four-year cycle as evidence that the market may be nearing a bottom and urged investors to position for a year-end move toward $100,000. The Treasury plans to raise the maximum size of buyback operations for 10- to 20-year and 20- to 30-year Treasuries from $2 billion per operation to at least $4 billion, with the expansion scheduled from Sept. 9 to Nov. 4. Long-term Treasury yields fell noticeably after the announcement, easing pressure from the earlier selloff in the bond market. Kendrick called expanded Treasury buybacks the environment Bitcoin likes most, saying the asset has benefited repeatedly from government liquidity interventions and that its fixed-supply mechanism gives it a potential hedge against currency depreciation. Bitcoin rose more than 6% on Wednesday, briefly approaching $69,000, its highest level since early June. Kendrick has repeatedly expressed a positive long-term view on Bitcoin, arguing that rising global fiscal pressure and a shift toward easier monetary policy could usher in a new long-term upswing.