Geoffrey Kendrick, the Global Head of Digital Assets Research at Standard Chartered, stated that Bitcoin's current price of $63,000 suggests that the bottom is 'almost in.' This comes after a 22% decline in the past month. Kendrick's optimistic view contrasts with his previous warning in February, where he suggested a potential drop to $50,000. The stability of ETF holdings, which have only slightly decreased from 682,000 to approximately 674,000, has contributed to his revised outlook. He continues to maintain a bullish year-end target of $100,000 for Bitcoin and $4,000 for Ethereum. Kendrick also noted the unfortunate timing of Strategy Inc.'s recent sale of 32 Bitcoin, which he believes could lead to a significant buyback, potentially indicating that a low has been reached. However, he cautioned that Bitcoin is currently testing critical support at $62,000, with potential declines to $60,000 or $58,000 if this level fails to hold.