Bitcoin and Ethereum’s price momentum has slowed its pace, given the current market outlook, which has gone bearish due to rising geopolitical tensions. Both the assets have been showing resilience as of late but are struggling to gain momentum, triggering entities like Citigroup to revise their 2026 forecasts for both Bitcoin and Ethereum.
Also Read: XRP Called ‘Memecoin’ by Chainlink Ambassador as Fact Check Hits
Citigroup Lowers Bitcoin and Ethereum Price Targets for 2026
Per the latest report by Reuters, a leading banking institution, Citigroup has lowered their Bitcoin and Ethereum forecast for 2026. Per the firm, Bitcoin may now trade at $112K, while ETH may rise to hit $3175. Earlier the esteemed brokerage firm had predicted high price targets for both the assets, hitting as high as $143K and $4.3K, respectively.
In addition to this, Citigroup cited the delay in introducing the US crypto market bill as a primary driver hitting both the assets, triggering the firm to cut its earlier forecast.
“Regulatory catalysts will drive further adoption and flows, but the window of opportunity for U.S. legislation this year is narrowing,” Citi strategist Alex Saunders said in a note on Monday.
Citi later said that in a micro recessionary drop scenario, BTC may fall as low as $58K and ETH to $1.1K. However, in a bull case, where demand is stronger, these two assets can hit as high as $165K and $4.4K, respectively.
While Citigroup has made its stance clear on how BTC and ETH may react further in the future, notable experts like Javon Marks still believe both assets have a long way to go. Per marks, Ethereum may eventually claim a series of new highs, starting with touching the first top of $5000 and then heading toward $8K.
“$ETH may only be getting ready to exit a huge accumulation phase. The Targets. $5,000. $8,557. $12,000+. (Ethereum)”
For Bitcoin, Marks shared how Bitcoin’s OBV breakthrough can lead the asset to peak and hit a brand new high.
“In basically every cycle prior to this one, the OBV broke out and consolidated before surging to new highs, and as it surged to new highs, $BTC followed and entered a parabolic state. Right now, OBV is holding broken out and looks to be in a consolidating state. Next up is likely to be a surge to new highs for the OBV, with Bitcoin following along and entering a parabolic phase…”
Also Read: Shiba Inu Rally Triggers Heavy Short Liquidations: What’s Next?
