As the year 2025 draws to a close, top financial institutions on Wall Street and in the UK are predicting that Bitcoin (BTC) will reach new record highs. The forecasts for Bitcoin’s price by the end of the year range from $133,000 to as high as $200,000. Most analysts agree that persistent Bitcoin ETF inflows and the correlation between Bitcoin and gold can drive the cryptocurrency to new record highs.
Bitcoin has already shown significant growth, increasing by over 13% in the last seven days and reaching a record high of $124,500. According to the 
Citigroup’s Forecast: $133,000
Citigroup is predicting that Bitcoin will end 2025 at around $133,000, which implies a relatively modest increase of 8.75% compared to the current price of around $122,350. The bank’s base case projects steady growth, supported by robust inflows from Spot Exchange-Traded Funds (ETFs) and Digital Asset Treasury assignments. As of Saturday, all US Bitcoin ETFs in BTC managed over $163.50 billion, with Citi estimating that fresh ETF inflows will be around $7.5 billion by the end of the year, contributing to sustained demand. The 
However, if recessionary pressure intensifies and risk mood fades, Bitcoin’s price could drop to $83,000. The 
JPMorgan’s Forecast: Up to $165,000
A team of strategists at JPMorgan Chase, led by Managing Director Nikolaos Panigirtzoglou, believes that Bitcoin remains undervalued compared to gold. The Bitcoin-to-gold volatility ratio has dropped below 2.0, indicating that Bitcoin is now absorbing 1.85 times the risk capital of gold. The 
Based on this ratio, the current market capitalization of Bitcoin would need to increase by around $2.3 trillion, or 42%, to reach a theoretical price of around $165,000. This would put Bitcoin’s market capitalization on par with the estimated $6 trillion in private gold stocks via ETFs, bars, and coins. Gold, often seen as a traditional macro hedge by Bitcoin, has risen by around 48% year-to-date and is on track for its best annual performance since 1979, as shown in the 
Standard Chartered’s Forecast: $200,000
Standard Chartered is the most optimistic among the major banks, predicting that Bitcoin could reach $200,000 by December. Like Citigroup and JPMorgan, the bank’s analysts cite persistent ETF inflows, which are currently over $500 million per week, as a key driver that could increase Bitcoin’s overall market capitalization to $4 trillion. The 
The growing institutional adoption, combined with a weak US dollar and improving global liquidity conditions, could create the conditions for another parabolic move, similar to Bitcoin’s 2020-2021 rally, according to the analysts. The 
Vaneck’s Forecast: $180,000
Asset manager Vaneck is predicting that Bitcoin could reach around $180,000 by 2025, citing post-halving dynamics. The company argues that the halving in April 2024 set the stage for a supply squeeze, with ETF demand and digital wealth fluctuations providing the structural fuel for the next stage of the upward trend. The 
Historically, Bitcoin has reached its cycle peaks between 365 and 550 days after halving. With 533 days having passed since the halving, Bitcoin is now in the historic window for a large rally. Saad Ahmed, Gemini’s head of APAC, told CoinTelegraph that Bitcoin’s cycle could extend beyond this area, noting that the four-year rhythm “is driven more by human emotions than by human mathematics” and will continue in some form in 2026.
This article does not contain investment advice or recommendations. Every investment and trade movement involves risk, and readers should conduct their own research before making a decision. For more information, visit https://cointelegraph.com/news/jpmorgan-citi-bitcoin-q4-boom-btc-price-targets?utm_source=rss_feed&utm_medium=rss_category_market-analysis&utm_campaign=rss_partner_inbound
