Citi and JPMorgan published bullish near-term price scenarios for Bitcoin. Citi's 12-month base target is $143,000 (optimistic $189,000; bearish $78,000), citing easing regulation, growing adoption and U.S. policy momentum. JPMorgan projects roughly $170,000 within 6–12 months, arguing deleveraging in perpetual futures is likely complete and Bitcoin is attractive on a risk-adjusted basis versus gold. Both banks acknowledged recent sharp volatility and liquidations but said market structure and institutional positioning point to meaningful upside.

Citi set a 12‑month base target of $143k (optimistic $189k; bearish $78k) and cited easing regulation, growing adoption and U.S. policy momentum. JPMorgan forecasted ~ $170k in 6–12 months, citing likely-complete deleveraging in perpetual futures and Bitcoin’s risk-adjusted attractiveness versus gold. Both firms noted recent sharp volatility and liquidations but said market structure and institutional positioning point to upside.