Citigroup analysts have revised their forecasts for Bitcoin and Ethereum significantly. Whereas in March, the bank’s experts expected Bitcoin to rise to $112,000 and Ethereum to $3,175 by the end of 2026, the target levels are now lowered to $82,000 and $2,240, respectively.

The current market situation is far from optimistic: Bitcoin is trading below $58,800 - its lowest level since September 2024, half the historical high of $126,128. The ether is about $1,580 - the minimum since April 2025.

Citi analysts cite weakening interest from institutional investors, steady capital outflows from crypto ETFs (bitcoin funds have lost about $3.3 billion since the beginning of the year), and a lack of progress in regulating digital assets in the US. An additional factor of pressure was the capital shift in companies' stocks associated with the development of artificial intelligence.

The Bank does not rule out a more pessimistic scenario: if ETF outflows continue and macroeconomic conditions tighten, Bitcoin could drop to $53,000 and Ethereum to $1,094 in 2027. Citi believes that a massive new investment in the crypto market is possible only with the emergence of a fresh positive catalyst.

Recall that Citi previously released a long-term forecast that the market for tokenized real assets (RWA) could grow from $17 billion to $5.5 trillion by 2030.

***

The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.