Citigroup (C) is out with bullish new calls on Bitcoin (BTC) and Ethereum (ETH).
The Wall Street bank sees Bitcoin’s price at $133,000 U.S. by year’s end and Ethereum at $4,500 U.S. on New Year’s Eve.
The positive forecasts come with the price of Bitcoin currently at $120,400 U.S. and Ethereum trading at $4,480 U.S. per digital token.
In its most bullish outlook, Bitcoin could finish 2025 as high as $156,000 U.S. if equity markets continue to rally and flows into cryptocurrency exchange-traded funds (ETFs) accelerate.
Ethereum’s bull case stands at $6,100 U.S. this year, according to analysts at Citigroup.
Looking out 12 months, Citigroup sees Bitcoin at $181,000 U.S. in 2026, with that forecast premised on sustained ETF inflows. The bank expects Ethereum to hit $5,400 U.S. in a year.
Citigroup says Bitcoin is best positioned to capture ETF inflows thanks to its scale and “digital gold” narrative.
Favorable regulation, particularly in the U.S., should also lift the price of Bitcoin higher over the next year.
However, analysts at Citigroup do caution that cryptocurrency prices could fall hard should the U.S. economy enter a recession, with Bitcoin possibly falling to $83,000 U.S. in such a scenario.
