Citigroup has reduced its 12-month price targets for Bitcoin and Ethereum, citing delays in US crypto regulation and broader macro uncertainty.
The bank now forecasts Bitcoin at $112,000 and Ethereum at $3,175 over the next year, down more than 20% and 25% respectively from previous estimates.
In a bearish scenario tied to a potential recession, Citi said Bitcoin could fall to $58,000 and Ethereum to $1,198.
However, in a bullish case, the bank sees Bitcoin reaching as high as $165,000 and Ethereum $4,488, reflecting ongoing upside potential if conditions improve.
Citigroup pointed to delays in passing US crypto legislation, including the CLARITY Act, as a key factor weighing on market outlook and investor sentiment.
The bank noted Bitcoin may trade within a range around $70,000 in the near term as markets await clearer regulatory direction.
Ethereum’s outlook was described as more sensitive to network activity, with recent usage metrics weakening despite growing interest in stablecoins and tokenisation.
The revised forecasts highlight increasing uncertainty in crypto markets, driven by a mix of policy delays, macro risks and evolving adoption trends.
At the time of reporting, Bitcoin price was $74,236.14.