Bitcoin is again in focus after an outlook from Citigroup, the place analysts mapped out a large worth vary for the subsequent 12 months that captures each upside momentum and lingering draw back dangers.
The financial institution’s newest projections level to a base-case goal of $143,000 over the subsequent 12 months, anchored in expectations round a progress in ETF participation and clearer regulatory frameworks. Moreover, Citi outlined an optimistic path that stretches to $189,000, alongside a bearish situation that initiatives a downward transfer to $78,500.
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ETF Adoption And Institutional Demand
Citi’s base and bullish situations are constructed across the identical core thesis: the rising position of regulated funding automobiles in shaping Bitcoin’s market construction. Crypto analysts are at all times noting that Spot Bitcoin ETFs have lowered limitations for institutional traders, making it simpler for big swimming pools of capital to achieve publicity with out direct custody considerations.
Analysts at Citi are leaning into this faculty of thought and are projecting bullish worth ranges for Bitcoin. With the expectations of ETF curiosity and regulatory readability in thoughts, Citi sees Bitcoin trending towards $143,000 beneath its base case inside the subsequent 12 months.
Curiously, the outlook of a bullish situation from the analysts projected that Bitcoin might be buying and selling someplace round $189,000 inside the subsequent 12 months. These projections are notable contemplating the present state of Bitcoin’s worth motion, which is at the moment struggling close to $90,000. They’re additionally contingent on a turnaround within the state of flows surrounding Spot Bitcoin ETFs.
LATEST: Citi analysts put Bitcoin’s 12-month worth base case at $143,000, pushed by anticipated ETF curiosity and regulatory readability, with a bullish situation of $189,000 and a bearish considered one of $78,500. pic.twitter.com/jAukEDkXQe
— CoinMarketCap (@CoinMarketCap) December 20, 2025
Regardless of its constructive outlook, Citi additionally flagged draw back dangers that might derail bullish momentum. A bearish framework by Citi analysts initiatives the Bitcoin worth sliding to $78,500 inside the subsequent 12 months.
Fundstrat’s Inner View Contrasts With Citi’s Optimism
Citi’s bullish projections are in distinction to a extra cautious inner outlook just lately reported by Fundstrat International Advisors. Inner discussions inside the agency are warning of a doable drawdown of the Bitcoin worth towards the $60,000 to $65,000 vary.
In accordance with an inner observe circulated to purchasers, Fundstrat’s head of digital asset technique, Sean Farrell, cautioned {that a} additional correction could unfold through the first half of 2026 as macroeconomic pressures and tightening monetary circumstances weigh on danger property.
In accordance with @_FORAB, Tom Lee’s fund, Fundstrat, said in its newest 2026 cryptocurrency technique recommendation to inner purchasers {that a} vital correction is predicted within the first half of the 12 months, fully contradicting Tom Lee’s public statements.
The interior report units… pic.twitter.com/HbRoNzr85z
— Wu Blockchain (@WuBlockchain) December 20, 2025
The report outlined draw back targets that place Bitcoin within the $60,000 to $65,000 vary, a stage that may symbolize a 30% lower from its present worth vary. The identical inner framework additionally projected Ethereum retreating downwards to $1,800 to $2,000, alongside Solana falling right into a $50 to $75 vary.
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This goes towards the general public stance of Fundstrat co-founder Tom Lee, who has publicly maintained a bullish stance on the long-term trajectory and new all-time highs for Ethereum and Bitcoin.
Featured picture from Unsplash, chart from TradingView
