Citi’s Bullish Bitcoin Outlook: $135,000 by 2025's End

Citigroup projects bitcoin could reach $135,000 by the end of 2025 in its base-case scenario, driven by strong demand from U.S. spot bitcoin exchange-traded funds (ETFs), growing user adoption, and favorable macroeconomic trends.

Citigroup’s latest report outlines a bull case of $199,000 if ETF inflows and adoption accelerate, and a bear case of $64,000 if regulatory or economic challenges arise. Bitcoin, currently trading between $115,000 and $120,000 over the past week, has shown resilience despite mixed U.S. economic data. Citi notes that institutional interest, particularly through ETFs, accounts for over 40% of recent price movements. Corporate treasuries have also added to the demand. The forecast has sparked optimism on social media platforms like X, with users highlighting Wall Street’s growing confidence in the leading cryptocurrency. Citi’s analysis reflects bitcoin’s increasing integration into traditional finance (TradFi).