In light of the recent downward price trends, Citigroup’s 12-month forecast for bitcoin of $143,000 — indicating a potential increase of about 62% from the current price of $88,000 — is likely to generate interest.
Citi analysts Alex Saunders, Dirk Willer, and Vinh Vo suggested, “We anticipate a rise in digital asset adoption, fueled by prospective U.S. legislation on digital assets expected in the second quarter, with bitcoin likely trading within the $80,000-$90,000 range as we move into the new year.”
They highlighted the importance of the $70,000 mark as a critical support level, recalling that it was approximately bitcoin’s price before Donald Trump’s 2024 election win.
The analysts envision a bold scenario in which bitcoin could climb to $143,000 within a year, attributed to renewed demand for ETFs and favorable stock market predictions. Regulatory developments, particularly the passage of the Clarity Act (already approved by the House), are anticipated to boost adoption and fund inflows.
Conversely, there exists a bearish outlook, setting a target of $78,500, representing a decline of over 10% from current prices. They believe that a global recession could trigger this downside.
The optimistic scenario predicts a rise to $189,000, more than doubling from the current levels, driven by increased demand from end-investors, they stated.
