Citigroup raises year-end outlook for ether, slightly lowers view on bitcoin. Target price for bitcoin at $133,000, 12% upside. Ether target at $4,500, 3% upside. Citi sees continued upside next year with targets of $5,440 for ether and $181,000 for bitcoin.

Bitcoin’s year-end forecast revised slightly lower, citing stronger dollar and weaker gold prices. Despite above adoption model estimates, Citi maintains bitcoin’s “digital gold” narrative. Analysts note ether’s sharp price jump over summer due to institutional investors and financial advisors ramping up crypto buying.

Citi expects ether to end 2025 higher, supported by strong inflows from ETFs and digital asset treasuries. Base case assumes $7.5 billion in flows into bitcoin, with upside driven by stronger equity markets. Ether’s upside driven by increased adoption and yield generation via staking and DeFi platforms.

Bear case for bitcoin sees prices falling to $83,000 in recessionary macro conditions. Ether’s downside harder to model due to uncertainty around network activity. Both tokens trading above user-activity-based metrics, sustained investor demand key to supporting prices through year-end and into 2026.

Read more at Yahoo Finance: Citi lifts ether outlook, trims bitcoin view as investor flows shift