Installing Android Studio, does not point to a valid JVM installation error
Point your JAVA_HOME variable to C:\Program Files\Java\jdk1.8.0_xx\ where "xx" is the update number (make sure this matches your actual directory name). Do not include bin\javaw.exe in the pathname.
NOTE: You can access the Environment Variables GUI from the CLI by entering rundll32 sysdm.cpl,EditEnvironmentVariables. Be sure to put the 'JAVA_HOME' path variable in the System variables rather than the user variables. If the path variable is in User the Android Studio will not find the path.
It is absolutely possible that all other answers work for people but for me this path worked:
Leave your JDK path under JAVA_HOME System Variable as it is given here. Do not append bin or another path. It worked for me.
C:\Program Files\Java\jdk1.8.0_11\Otherwise I am getting this error:
Installing Android Studio, does not point to a valid JVM installation error
Updated android studio to 1.2.1. Even though I was getting the same error. Nothing worked, finally replaced JAVA_HOME with JDK_HOME and it did the magic.