Citi Projects Bitcoin at $181K in 2026 on ETF Inflows

  • Citi projects modest momentum for crypto, forecasting increases for both bitcoin and ether into 2025.
  • The bank revises its year-end 2025 bitcoin forecast to $133,000 and ether to $4,500.
  • Bitcoin's potential ranges from $156,000 (bull case) to $83,000 (bear case). Ether could reach $6,100 or fall lower in recessionary conditions.
  • Current trading prices: bitcoin at $119,550; ether at $4,407.
  • 12-month targets: bitcoin at $181,000 and ether at $5,400, driven by ETF inflows.
  • Bitcoin benefits from scale and "digital gold" narrative; ether gains from staking and DeFi yields.
  • Favorable U.S. regulation is positive but macro risks like recession remain a concern.