Key takeaways:
Wall Street predicts Bitcoin year-end values between $133,000 and $200,000.
There is consensus that ongoing Bitcoin ETF inflows and its correlation with gold could propel BTC to unprecedented heights.
In the last week, Bitcoin (BTC) has surged over 13%, nearing its all-time high of $124,500.
Leading Wall Street and UK financial organizations anticipate Bitcoin will achieve new highs by the close of 2025.
Citigroup projects BTC to hit $133,000
Citigroup forecasts Bitcoin will conclude 2025 around $133,000, representing a modest 8.75% increase from the current price of approximately $122,350.
The bank’s fundamental outlook highlights consistent growth bolstered by substantial inflows from spot ETFs and digital asset treasury allocations, seen as key factors in driving Bitcoin higher.
As of Saturday, U.S. Bitcoin ETFs collectively manage over $163.50 billion in BTC, with Citi estimating fresh ETF inflows around $7.5 billion by year-end, which will help sustain demand.
Conversely, Citi’s bearish scenario puts Bitcoin at $83,000 if economic downturns worsen and sentiment declines.
JPMorgan analysts predict Bitcoin at $165,000 in 2025
According to analysts from JPMorgan Chase, led by managing director Nikolaos Panigirtzoglou, Bitcoin remains undervalued compared to gold when volatility is factored in.
The current Bitcoin-to-gold volatility ratio is below 2.0, indicating Bitcoin absorbs approximately 1.85 times more risk capital than gold, according to their latest report published on Wednesday.
This ratio suggests that Bitcoin’s market cap of $2.3 trillion would need to increase by around 42%, leading to a theoretical BTC price of about $165,000 to align with the estimated $6 trillion in gold holdings across various forms.
Gold, seen as Bitcoin’s traditional counterpart, has risen nearly 48% year-to-date, on track for its best yearly performance since 1979.
However, the yearly relative strength index (RSI) for the XAU/USD pair is nearing 89, its highest overbought level since 2012.
This condition historically precedes significant corrections of 40–60%, suggesting gold may experience a slowdown soon.
Related: Bitcoin’s rare September gains defy history: Data predicts 50% Q4 rally to $170K
Moreover, BTC has shown an eight-week lagging correlation with gold in recent times, reinforcing JPMorgan’s forecast for a year-end Bitcoin rally if capital shifts from precious metals.
JPMorgan’s optimistic outlook also predicts a continuous flow of spot ETF investments as the Federal Reserve embarks on a rate-cutting regime in the upcoming months.
Standard Chartered boldly anticipates $200,000
Standard Chartered is notably the most bullish among major banks, suggesting Bitcoin could hit $200,000 by December.
Similar to Citigroup and JPMorgan, their analysts highlight sustained ETF inflows—averaging over $500 million per week—as a crucial factor that could boost Bitcoin’s overall market capitalization toward $4 trillion.
Increasing institutional adoption, combined with a weakening U.S. dollar and improving global liquidity, might pave the way for another rapid ascent akin to Bitcoin’s 2020–2021 surge, analysts argue.
Standard Chartered positions the $200,000 prediction as part of a “structural uptrend” rather than a fleeting speculative spike.
VanEck estimates Bitcoin could reach $180,000 in 2025
VanEck forecasts Bitcoin reaching approximately $180,000 by 2025, attributing it to post-halving cycle dynamics.
The firm asserts that the April 2024 halving has initiated a supply squeeze, with ETF demand and digital asset reserves providing the necessary impetus for the next upward movement.
Bitcoin’s post-halving performance aligns with historical four-year cycles, as illustrated in the chart below.
Historically, Bitcoin reaches cycle peaks between 365 and 550 days after a halving. Currently, it has been 533 days since the last halving, placing it well within the historical timeframe for significant rallies.
Saad Ahmed, head of APAC at Gemini, shared with Cointelegraph that Bitcoin’s cycle may exceed this range, noting that its four-year pattern is influenced more by human sentiment than strict mathematical calculations, likely extending into 2026.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
