Years ago my dad and I saw a motorcycle popping a wheelie, and he said it was the high torque of the motor that did it. This made sense to me: if you had a bike that was stationary (with the back wheel fixed to the ground) then torque would spin the bike-front upward.
But if you simply look at an accelerating object (motorcycle, car, any back-wheel driven object) then acceleration will cause the front to raise up.
So I can't decide which is right. Note: I realize there is a relationship between torque and HP, but you can have high torque and low HP, as well as vice versa.