Citi Raises Ether Forecast to $4,500, Adjusts Bitcoin Target Down to $132K
Citigroup has updated its crypto market forecast, adjusting price targets for Ethereum and Bitcoin. The bank highlights stronger investor flows and growing institutional adoption.
- Bitcoin Forecast: Year-end target reduced to $132,000 from $135,000. 12-month target remains at $181,000.
- Ethereum Forecast: Raised to $4,500 by end of 2025, with a 12-month target of $5,440.
Bitcoin as 'Digital Gold'
- Citi prefers Bitcoin over Ethereum due to its size, history, and 'digital-gold' narrative.
- Bitcoin shows a strengthening correlation with gold, reinforcing its role as a store of value.
The bank anticipates continued positive momentum from investment flows, driven by institutional investors and favorable US regulations.
- Risks: Bitcoin's bear case linked to equity market weakness.
- Ethereum Complexity: More uncertain forecasts due to Layer-2 network impacts, though strong investor flows could boost prices.