Overview

• Year-end targets now stand at $133,000 for bitcoin and $4,500 for ether, implying roughly 12% and 3% upside from $118,747 and $4,375 at 05:30 GMT.
• Twelve-month projections point to $181,000 for bitcoin and $5,440 for ether.
• The bank highlights growing institutional and ETF interest in ether, attracted by staking and DeFi yields alongside inflows from digital asset treasuries.
• The slight downgrade to bitcoin’s year-end view reflects offsetting macro factors, including a stronger U.S. dollar and weaker gold prices.
• Citi’s scenarios span a base case of $7.5 billion in year-end bitcoin inflows to a bear case at $83,000 under recession risk, with both tokens trading above activity metrics and reliant on sustained demand.