In a recent update, Citi has revised its price targets for Bitcoin and Ethereum, revealing optimistic forecasts for both cryptocurrencies, despite individual adjustments. The firm anticipates that Bitcoin will reach a target of $181,000 within the next 12 months. However, Citi analyst Alex Saunders has lowered the year-end price expectation for Bitcoin to $133,000, down from a previous forecast of $135,000. This adjustment comes in light of the strengthening dollar and declining gold prices, which are seen as influencing factors.
Conversely, Ethereum has received an increased price target, now set at $5,440, reflecting heightened activity and interest in the network. The firm raised its year-end price target for Ethereum to $4,500, up from the earlier projection of $4,300. This increase is attributed to significant inflows following recent stablecoin regulations that have generated increased interest in Ethereum’s capabilities and its role in tokenization.
Notably, the landscape of digital asset treasuries (DATs) has seen a surge in Ethereum adoption. Companies such as BitMine Immersion Technologies and SharpLink Gaming have recently launched Ethereum-based DATs, acquiring substantial amounts of the cryptocurrency this year. BitMine reportedly holds 2,650,900 ETH, valued at approximately $11.7 billion, while SharpLink controls 838,728 ETH, worth around $3.7 billion. For context, Strategy, recognized as the largest corporate holder of Bitcoin, possesses 640,031 BTC, valued at about $47.3 billion.
As the cryptocurrency markets continue to evolve, Citi’s insights reflect broader trends in asset accumulation and regulatory developments that could shape future market dynamics.
