Bitcoin has rallied over 13% in the past week and is approaching its record high near $124,500.
Top Wall Street and UK financial institutions now project that Bitcoin could set new all-time highs by the end of 2025, with forecasts ranging from $133,000 to $200,000.
citigroup calls for steady growth
Citigroup forecasts Bitcoin to reach around $133,000 by the end of 2025.
This base case is driven by robust inflows from spot Bitcoin exchange-traded funds (ETFs) and growing digital asset treasury allocations, which Citi sees as the main structural drivers of further price appreciation.
The bank estimates that U.S.-based Bitcoin ETFs now manage over $163 billion in bitcoin, with an additional $7.5 billion in inflows expected by year-end.
However, Citi’s bear case sees Bitcoin dropping to $83,000 if recession risks intensify.
jpmorgan targets $165,000
JPMorgan strategists, led by Nikolaos Panigirtzoglou, argue that Bitcoin remains undervalued relative to gold.
Their analysis links Bitcoin’s market cap to the $6 trillion in private gold holdings, suggesting a theoretical price of $165,000 if parity is reached.
JPMorgan’s outlook relies on continued ETF inflows and a rate-cutting cycle by the Federal Reserve.
The analysts highlight that Bitcoin’s volatility-adjusted risk profile now closely resembles gold’s, strengthening the case for further upside.
standard chartered and vaneck offer bullish scenarios
Standard Chartered sets the most aggressive target, predicting Bitcoin could reach $200,000 by December 2025.
The bank points to persistent ETF inflows—averaging over $500 million per week—as the main catalyst, alongside a weakening U.S. dollar and improving global liquidity.
VanEck, meanwhile, projects Bitcoin could climb to $180,000 in 2025, citing post-halving supply dynamics and historical price cycles.
cycle timing may extend
Saad Ahmed of Gemini noted that Bitcoin’s four-year cycle, traditionally peaking 365 to 550 days after a halving, could extend into 2026. He explained:
“Its four-year rhythm is driven more by human emotion than pure math and will very likely continue in some form into 2026.”
