Citigroup has slashed its 12-month forecasts for bitcoin and ether, citing weakening investor appetite, negative exchange-traded fund flows, and a lack of progress on U.S. digital asset legislation.
Revised Forecasts
The brokerage lowered its target for bitcoin to $82,000 from $112,000 and trimmed its ether forecast to $2,240 from $3,175. Bitcoin was last trading at $58,864.27, its weakest level since September 2024, having halved in value from an all-time high of $126,223.18 in October last year. Ether was last at $1,585.63, its lowest since April 2025.
Citi’s bear-case scenario, which assumes recessionary macroeconomic conditions and continued ETF outflows, values bitcoin at $53,000 and ether at $1,094 over the next year. The brokerage expects broader investor adoption to remain on hold until a new catalyst emerges.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
