Citibank has issued contemporary 12-month value targets for Bitcoin and Ethereum, laying out a large set of doable outcomes that vary from steep drops to massive positive aspects.
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In keeping with the financial institution’s newest notice, Bitcoin’s base case sits at $181,000, whereas a bearish situation places it at $82,000. A bullish run may push Bitcoin to $231,000 inside a 12 months.
Citi Lays Out Large Vary
Based mostly on reviews, Citi is avoiding a single forecast and as an alternative provides three clear paths for Bitcoin. The financial institution’s bearish mark of $82,000 represents a 31% fall from Bitcoin’s present quoted value of $120,314.
The bottom case of $181,000 could be a 52% rise. On the prime finish, Citi’s $231,000 determine is roughly 95% above in the present day’s stage. These are large swings. They present how a lot uncertainty merchants face.
Citi introduces new 12-month value targets for digital belongings:
Bear Base Bull
BTC $82k $181k $231k
ETH $2k $5.4k $7.3k pic.twitter.com/AlpWPaK2YW— matthew sigel, recovering CFA (@matthew_sigel) October 2, 2025
Macro Forces, Institutional Demand
Citi factors to the US greenback and gold as key components that would cap Bitcoin’s upside. A stronger US greenback and weaker gold costs have been famous as headwinds for crypto returns.
On the identical time, the financial institution highlighted continued curiosity from massive traders and extra institutional flows as causes Bitcoin may climb.
The notice additionally in contrast these targets with Citi’s earlier year-end calls — $132,000 for Bitcoin and $4,500 for Ethereum — and stated it prolonged the timeline to a 12-month horizon that runs to October 2026.
Market Response, Different Forecasts
Studies have disclosed that over the past 24 hours Bitcoin was up 2% and Ethereum rose 2.10%. Different big-name forecasts have been talked about alongside Citi’s view.
Customary Chartered and Fundstrat’s Tom Lee are amongst analysts saying Bitcoin may attain between $200,000 and $250,000 by the top of this 12 months.
Tom Lee has put ahead a a lot greater determine for Ethereum, forecasting $15,000 for ETH — a quantity effectively above Citi’s most bullish estimate.
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Ethereum’s Path Much less Clear?
In keeping with Citi, Ethereum faces extra unknowns. The financial institution set a bear case for ETH at $2,000, a base goal at $5,400, and a bullish quantity at $7,300.
These ranges sit round a 65% rise from Ethereum’s present value of $4,480 in the most effective case. Citi defined that Ethereum’s ecosystem continues to be shifting, so it’s tougher to foretell how worth can be shared throughout initiatives and staking individuals.
Citi’s vary is each a warning and a roadmap. It warns that costs can fall sharply — as proven by the $82,000 bear case for Bitcoin and $2,000 for Ethereum — but it surely additionally maps doable upside.
Featured picture from Unsplash, chart from TradingView