Citi Predicts Bitcoin at $181K, Ethereum at $5.4K by 2026
Citibank has released new 12-month price targets for Bitcoin and Ethereum, with Bitcoin potentially reaching $181,000 and Ethereum hitting $5,400 by 2026. Meanwhile, analysts like Tom Lee predict even higher prices for Ethereum.
Citi's base case for Bitcoin is $181,000, with a bearish scenario of $82,000 and a bullish run that could reach $231,000 within a year. For Ethereum, the base case is $5,400, with a bear case of $2,000 and a bullish case of $7,300. Citi's projections come as Bitcoin and Ethereum both saw a 2% and 2.10% increase respectively over the last 24 hours.
Tom Lee, a prominent analyst, forecasts Ethereum to reach $15,000, significantly higher than Citi's most bullish estimate. Citi highlights institutional interest and flows as potential drivers for Bitcoin's climb, but also warns that the US dollar and gold could cap its upside. Standard Chartered and Tom Lee also predict Bitcoin could reach between $200,000 and $250,000 by the end of this year.
Citi's price targets serve as a guide for potential price movements, with Bitcoin and Ethereum both showing significant growth potential. Despite varying forecasts, the cryptocurrency market continues to gain attention from investors and analysts alike.
