Citigroup Lowers Bitcoin Price Target to $112K as Regulatory Delays Weigh on Outlook

• Citigroup lowered its 12 month Bitcoin price target to $112,000.
• The previous forecast stood at $143,000, with a bullish scenario near $189,000.
• Analysts cite delays in U.S. crypto legislation as a key factor.

Wall Street bank Citigroup has lowered its 12 month price target for Bitcoin to $112,000, down from its previous forecast of $143,000.

The revision reflects growing uncertainty around the timeline for U.S. cryptocurrency regulation, which analysts say could delay institutional demand that many investors expected to accelerate in 2025.

Bitcoin was trading near $74,300 at the time of writing, remaining below the psychological $90,000 level after weeks of consolidation.

According to Citigroup strategist Alex Saunders, the main concern is the narrowing window for major crypto legislation in the United States this year.

Clear regulatory frameworks for digital asset market structure and stablecoins have yet to be finalized. Without those policies, institutional investors may delay large capital allocations into crypto markets.

Citigroup also revised its outlook for Ethereum, cutting its 12-month price target to $3,175 from $4,304.

The bank previously modeled a bullish scenario for Bitcoin reaching $189,000, but that outlook depended on faster regulatory progress and stronger institutional adoption.

Despite the cautious forecast, some market signals remain supportive. Recent data shows continued accumulation among large Bitcoin holders, according to the blockchain analytics firm Santiment.

Institutional activity has also remained active. For example, investment products such as the BlackRock Bitcoin ETF have continued attracting capital, highlighting ongoing interest from large asset managers.

Analysts say the pace of ETF inflows will likely remain one of the most important indicators for Bitcoin’s next major price move.

Citigroup’s revised outlook suggests that regulatory developments in Washington could play a major role in determining Bitcoin’s trajectory over the next year.

If institutional inflows accelerate following clearer policy guidance, Bitcoin could move toward the $112,000 target. However, prolonged legislative delays could keep the market in a consolidation phase.