diff --git a/gui/src/bitcoind.rs b/gui/src/bitcoind.rs
index 0c4fffb10..2e1c9c8c8 100644
--- a/gui/src/bitcoind.rs
+++ b/gui/src/bitcoind.rs
@@ -16,16 +16,20 @@ use std::os::windows::process::CommandExt;
 #[cfg(target_os = "windows")]
 const CREATE_NO_WINDOW: u32 = 0x08000000;
 
-pub const VERSION: &str = "25.0";
+/// Current and previous managed bitcoind versions, in order of descending version.
+pub const VERSIONS: [&str; 2] = ["25.1", "25.0"];
+
+/// Current managed bitcoind version for new installations.
+pub const VERSION: &str = VERSIONS[0];
 
 #[cfg(all(target_os = "macos", target_arch = "x86_64"))]
-pub const SHA256SUM: &str = "5708fc639cdfc27347cccfd50db9b73b53647b36fb5f3a4a93537cbe8828c27f";
+pub const SHA256SUM: &str = "1acfde0ec3128381b83e3e5f54d1c7907871d324549129592144dd12a821eff1";
 
 #[cfg(all(target_os = "linux", target_arch = "x86_64"))]
-pub const SHA256SUM: &str = "33930d432593e49d58a9bff4c30078823e9af5d98594d2935862788ce8a20aec";
+pub const SHA256SUM: &str = "a978c407b497a727f0444156e397b50491ce862d1f906fef9b521415b3611c8b";
 
 #[cfg(all(target_os = "windows", target_arch = "x86_64"))]
-pub const SHA256SUM: &str = "7154b35ecc8247589070ae739b7c73c4dee4794bea49eb18dc66faed65b819e7";
+pub const SHA256SUM: &str = "da722a4573b46b9a66aa53992b1ef296ab1b2b75dbdaa3b4eff65cbed438637a";
 
 #[cfg(all(target_os = "macos", target_arch = "x86_64"))]
 pub fn download_filename() -> String {
@@ -64,9 +68,9 @@ pub fn internal_bitcoind_datadir(liana_datadir: &PathBuf) -> PathBuf {
 }
 
 /// Internal bitcoind executable path.
-pub fn internal_bitcoind_exe_path(liana_datadir: &PathBuf) -> PathBuf {
+pub fn internal_bitcoind_exe_path(liana_datadir: &PathBuf, bitcoind_version: &str) -> PathBuf {
     internal_bitcoind_directory(liana_datadir)
-        .join(format!("bitcoin-{}", &VERSION))
+        .join(format!("bitcoin-{}", bitcoind_version))
         .join("bin")
         .join(if cfg!(target_os = "windows") {
             "bitcoind.exe"
@@ -114,6 +118,7 @@ pub enum StartInternalBitcoindError {
     CouldNotCanonicalizeCookiePath(String),
     CookieFileNotFound(String),
     BitcoinDError(String),
+    ExecutableNotFound,
 }
 
 impl std::fmt::Display for StartInternalBitcoindError {
@@ -139,6 +144,7 @@ impl std::fmt::Display for StartInternalBitcoindError {
                 )
             }
             Self::BitcoinDError(e) => write!(f, "bitcoind connection check failed: {}", e),
+            Self::ExecutableNotFound => write!(f, "bitcoind executable not found."),
         }
     }
 }
@@ -157,7 +163,23 @@ impl Bitcoind {
         liana_datadir: &PathBuf,
     ) -> Result<Self, StartInternalBitcoindError> {
         let bitcoind_datadir = internal_bitcoind_datadir(liana_datadir);
-        let bitcoind_exe_path = internal_bitcoind_exe_path(liana_datadir);
+        // Find most recent bitcoind version available.
+        let bitcoind_exe_path = VERSIONS
+            .iter()
+            .filter_map(|v| {
+                let path = internal_bitcoind_exe_path(liana_datadir, v);
+                if path.exists() {
+                    Some(path)
+                } else {
+                    None
+                }
+            })
+            .next()
+            .ok_or(StartInternalBitcoindError::ExecutableNotFound)?;
+        info!(
+            "Found bitcoind executable at '{}'.",
+            bitcoind_exe_path.to_string_lossy()
+        );
         let datadir_path_str = bitcoind_datadir
             .canonicalize()
             .map_err(|e| StartInternalBitcoindError::CouldNotCanonicalizeDataDir(e.to_string()))?
diff --git a/gui/src/installer/step/bitcoind.rs b/gui/src/installer/step/bitcoind.rs
index 2c48abcbe..655212a24 100644
--- a/gui/src/installer/step/bitcoind.rs
+++ b/gui/src/installer/step/bitcoind.rs
@@ -21,7 +21,7 @@ use liana_ui::{component::form, widget::*};
 use crate::{
     bitcoind::{
         self, bitcoind_network_dir, internal_bitcoind_datadir, internal_bitcoind_directory,
-        Bitcoind, StartInternalBitcoindError,
+        Bitcoind, StartInternalBitcoindError, VERSION,
     },
     download,
     hw::HardwareWallets,
@@ -633,8 +633,11 @@ impl InternalBitcoindStep {
 impl Step for InternalBitcoindStep {
     fn load_context(&mut self, ctx: &Context) {
         if self.exe_path.is_none() {
-            if bitcoind::internal_bitcoind_exe_path(&ctx.data_dir).exists() {
-                self.exe_path = Some(bitcoind::internal_bitcoind_exe_path(&ctx.data_dir))
+            // Check if current managed bitcoind version is already installed.
+            // For new installations, we ignore any previous managed bitcoind versions that might be installed.
+            let exe_path = bitcoind::internal_bitcoind_exe_path(&ctx.data_dir, VERSION);
+            if exe_path.exists() {
+                self.exe_path = Some(exe_path)
             } else if self.exe_download.is_none() {
                 self.exe_download = Some(Download::new(0));
             };
@@ -749,6 +752,7 @@ impl Step for InternalBitcoindStep {
                                     self.install_state = Some(InstallState::Finished);
                                     self.exe_path = Some(bitcoind::internal_bitcoind_exe_path(
                                         &self.liana_datadir,
+                                        VERSION,
                                     ));
                                     return Command::perform(async {}, |_| {
                                         Message::InternalBitcoind(