Global banking giant Citibank has released new 12-month price targets for the world’s two largest cryptocurrencies — Bitcoin and Ethereum.
In a fresh report, Citibank outlined a wide price range that reflects both bullish potential and downside risks in the crypto market. Under a 12-month bearish scenario, Citibank projects that Bitcoin could decline to $82,000, representing a 31% drop from its current price of $120,314.
However, the bank sets its 12-month base case target for Bitcoin at $181,000, marking a 51.7% increase from the current level. Interestingly, it forecasted that Bitcoin could skyrocket to an all-time high of $231,000 under bullish conditions. Based on the current price, this represents a 94% increase.
For Ethereum (ETH), Citi’s forecast places the bear case at $2,000, with a base target of $5,400. Under favorable conditions, ETH could rally to $7,300, representing a 65.72% increase from its current price of $4,505.
Factors Supporting Citi’s Predictions
The 12-month horizon indicates that Citi expects the projection to be realized by October 2026. Citi emphasized that its latest forecast updates its earlier year-end targets of $132,000 for Bitcoin and $4,500 for Ethereum. The bank has now extended its outlook to a 12-month horizon.
The bank noted that its projections considered macroeconomic factors such as a stronger U.S. dollar and weaker gold prices, which could cap upside for Bitcoin in particular. At the same time, it highlighted ongoing institutional adoption and continued demand from investors as potential catalysts that could support long-term growth.
Meanwhile, Citi emphasized that it is more positive on Bitcoin compared to Ethereum. This is mainly because the premier asset has captured more institutional investments than any other cryptocurrency, including ETH.
However, Citi noted there’s uncertainty in predicting Ethereum’s future prices because its ecosystem is still changing and it’s unclear how value will be distributed.
2025 Bitcoin and Ethereum Price Predictions
Citi’s forecast comes on the heels of a modest market rebound, with Bitcoin up 2.29% and Ethereum rising 2.58% over the past 24 hours.
Meanwhile, optimism is building across the crypto market, with major financial institutions and stakeholders predicting that Bitcoin price could climb to between $200,000 and $250,000 by year’s end. Standard Chartered and Fundstrat’s Tom Lee are among the notable voices backing these bullish forecasts. For Ethereum, Lee predicted that it could reach an ambitious level of $15,000.
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