Standard Chartered analyst Geoff Kendrick predicts Bitcoin could rise to $100,000 by the end of 2026, with a move above $65,500 serving as a significant signal that the bottom of the current market cycle has passed. His bullish view extends beyond Bitcoin's four-year market-cycle dynamics to recent liquidity measures from the U.S. Treasury Department. The department plans to at least double the maximum size of liquidity-backed repurchase operations (short-term transactions that add market liquidity) for certain long-term Treasury bonds, raising the cap for a single operation involving 10-20 year and 20-30 year bonds with a nominal value from $2 billion to at least $4 billion between September 9 and November 4. Long-term Treasury yields fell significantly after the announcement, easing some pressure from recent bond-market sell-offs on global financial markets. Kendrick called the measure "exactly the kind of development Bitcoin loves," saying Bitcoin has benefited from previous instances in which public authorities supplied liquidity to markets. He said investors should position themselves for a potential move to $100,000 by the end of 2026. This is not investment advice.