diff --git a/CHANGELOG.md b/CHANGELOG.md
index cf5fad6bae..9d52e0f687 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # Changelog
 
-## [Unreleased]
+## [v1.48.0] - 2024-12-19
 
 - Add `buf registry plugin {create,delete,info,update}` commands to manage BSR plugins.
 - Breaking analysis support for `buf beta lsp`.
@@ -1314,7 +1314,7 @@ buf check breaking proto --against .git#branch=master,subdir=proto
 
 Initial beta release.
 
-[Unreleased]: https://github.com/bufbuild/buf/compare/v1.47.2...HEAD
+[v1.48.0]: https://github.com/bufbuild/buf/compare/v1.47.2...v1.48.0
 [v1.47.2]: https://github.com/bufbuild/buf/compare/v1.47.1...v1.47.2
 [v1.47.1]: https://github.com/bufbuild/buf/compare/v1.47.0...v1.47.1
 [v1.47.0]: https://github.com/bufbuild/buf/compare/v1.46.0...v1.47.0
diff --git a/private/buf/bufcli/bufcli.go b/private/buf/bufcli/bufcli.go
index 6f4b876c11..3c19cfcfc7 100644
--- a/private/buf/bufcli/bufcli.go
+++ b/private/buf/bufcli/bufcli.go
@@ -15,4 +15,4 @@
 package bufcli
 
 // Version is the CLI version of buf.
-const Version = "1.47.3-dev"
+const Version = "1.48.0"