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Citigroup has revised its forecast for the prices of Bitcoin and Ethereum., 2026/03/17 19:41:54
The American banking conglomerate Citigroup has revised its price forecast for Bitcoin and Ethereum for the current year. The adjustment is attributed to the lack of progress in regulation within the United States, which is limiting capital inflow and hindering the growth of the cryptocurrency market.
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Analysts have lowered the baseline forecast for Bitcoin from $143,000 to $112,000 by year-end. Expectations for Ethereum have also been adjusted, decreasing from $4,304 to $3,175. In a scenario that anticipates a global economic recession, banking experts have suggested an even steeper decline: Bitcoin could fall to $58,000, while Ethereum might drop to $1,198.
According to Citigroup specialists, a positive scenario would involve sustained demand from investors, with prices rising to $165,000 for one Bitcoin and $4,488 for one Ethereum.
The consideration of the CLARITY bill regarding the allocation of powers over the regulation of digital asset markets has stalled due to disagreements in the Senate, representatives from Citigroup have noted. The situation may become more complicated following the November midterm elections: if Democrats strengthen their positions in Congress, the chances of passing the bill could diminish further, analysts believe. They state that currently, the support of Republican congress members alone is insufficient; backing from at least seven Democratic senators is necessary.
An additional factor exerting pressure on the market is the discussion surrounding a potential ban on American officials profiting from cryptocurrency projects, specifically concerning World Liberty Financial, a company owned by the family of former U.S. President Donald Trump.
Citigroup identifies the $70,000 level as a key psychological threshold for Bitcoin, which is expected to remain intact at least until the active phase of the election campaign begins. The performance of Ethereum, according to the bank, will largely depend on investor activity, which has recently been subdued.
Overall, only long-term trends—such as the development of asset tokenization and the increased use of stablecoins—are likely to provide support to the cryptocurrency market, concluded representatives of the financial holding.
Previously, Mike Novogratz, the CEO of financial firm Galaxy Digital, stated that by the end of the year, Bitcoin’s price would be within the range of $60,000 to $80,000.
