Bitcoin $150,000 target fades as Citi, Standard Chartered and Bernstein cut forecasts

Citi and two other major financial firms, including Standard Chartered and Bernstein, have lowered their bitcoin price targets for this year.

CoinPost, a blockchain media outlet, reported on Oct. 27 that with bitcoin trading around $80,000, it would need to rise about 88% to reach the $150,000 target previously presented by Standard Chartered and Bernstein.

Standard Chartered lowered its year-end target to $100,000 from $150,000. Bernstein set a year-end target of $125,000 and pushed back the timing for reaching $150,000 to mid-2027. Citi lowered its target from $143,000 at the start of the year to $82,000 in July, then raised its 12-month target to $113,000 in early October.

Trader Sha compiled 13 bitcoin price forecasts for the end of 2026. Among financial firms, Citi presented $126,000 as its base scenario, while Standard Chartered forecast $150,000 and $200,000, JPMorgan forecast $170,000, VanEck forecast $180,000, and Tom Lee projected $189,000.

Individual investors forecast higher levels. Tim Draper put the figure at $250,000, Cathie Wood at $275,000, Robert Kiyosaki, the author of Rich Dad Poor Dad, at $350,000, and Anthony Scaramucci at $400,000. Chamath Palihapitiya and Mike Novogratz expected $500,000.