This thread tells you all you need to know about where bitcoin is right now - bear market. We have predictions of double digits, total failure, etc. etc. etc.  

All this is predicated on what? ---> some hypothetical worst case scenarious.  Many feel they missed out on bitcoin so they either want a 2nd chance or they want bitcoin to fail and have the opportunity to ride the train of the next great crypto.

Truth is that bitcoin has a huge first mover advantage and the fundamentals are growing by leaps and bounds.

Truth also is that price has little to do with fundamentals and almost everything to do with emotion.  So the fundamentals are playing catch up while the price goes bear.

But to answer your question, I think worst case scenario, Bitcoin is around $800-$900 at the end of the year, with its worst performing year % wise. I think best case scenario we are somewhere north of $5000. But that's only if we get at least one powerful fully licensed and professionally run bitcoin exchange in NY and if we get some wall street money into the system. Or it could also happen if we have a country like Cyprus fully embrace bitcoin has a secondary banking system like the NEO project.

If I had to make a guess, I'd pick somewhere in the middle - around $1200-$1400. I think our next huge climb will be institutional in nature and with regulations being a slow game, I think we may have to wait until 2015 to see huge yearly gains again.