diff --git a/.github/workflows/spring-boot-4-matrix.yml b/.github/workflows/spring-boot-4-matrix.yml
index 450dbd8c98..d6cfceffb5 100644
--- a/.github/workflows/spring-boot-4-matrix.yml
+++ b/.github/workflows/spring-boot-4-matrix.yml
@@ -21,7 +21,7 @@ jobs:
     strategy:
       fail-fast: false
       matrix:
-        springboot-version: [ '4.0.0', '4.0.5' ]
+        springboot-version: [ '4.0.0', '4.0.5', '4.1.0' ]
 
     name: Spring Boot ${{ matrix.springboot-version }}
     env:
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5d9d4dddac..3a228e0b83 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,6 +14,7 @@
 
 ### Dependencies
 
+- Bump Spring Boot 4 and OpenTelemetry dependencies ([#5573](https://github.com/getsentry/sentry-java/pull/5573))
 - Bump Native SDK from v0.15.0 to v0.15.1 ([#5570](https://github.com/getsentry/sentry-java/pull/5570))
   - [changelog](https://github.com/getsentry/sentry-native/blob/master/CHANGELOG.md#0151)
   - [diff](https://github.com/getsentry/sentry-native/compare/0.15.0...0.15.1)
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 68521efdfc..6afb167b2c 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -13,8 +13,7 @@ feign = "11.6"
 gummyBears = "0.12.0"
 jackson = "2.18.3"
 jetbrainsCompose = "1.6.11"
-kotlin = "2.2.0"
-kotlinSpring7 = "2.2.0"
+kotlin = "2.3.21"
 kotlin-compatible-version = "1.9"
 ksp = "2.3.9"
 ktorClient = "3.0.0"
@@ -25,12 +24,12 @@ nopen = "1.0.1"
 # see https://developer.android.com/jetpack/androidx/releases/compose-kotlin
 okhttp = "4.9.2"
 openfeature = "1.18.2"
-otel = "1.60.1"
-otelInstrumentation = "2.26.0"
-otelInstrumentationAlpha = "2.26.0-alpha"
+otel = "1.63.0"
+otelInstrumentation = "2.29.0"
+otelInstrumentationAlpha = "2.29.0-alpha"
 # check https://github.com/open-telemetry/opentelemetry-java-instrumentation/blob/main/dependencyManagement/build.gradle.kts#L49 for release version above to find a compatible version
-otelSemanticConventions = "1.40.0"
-otelSemanticConventionsAlpha = "1.40.0-alpha"
+otelSemanticConventions = "1.42.0"
+otelSemanticConventionsAlpha = "1.42.0-alpha"
 retrofit = "2.9.0"
 room2 = "2.8.4"
 room3 = "3.0.0-alpha06"
@@ -38,10 +37,10 @@ sagp = "6.10.0"
 sqlite = "2.6.2"
 sqliteAlpha = "2.7.0-alpha06" # Required by Room3 3.0.0-alpha*
 slf4j = "1.7.30"
-spotless = "8.4.0"
+spotless = "8.6.0"
 springboot2 = "2.7.18"
 springboot3 = "3.5.0"
-springboot4 = "4.0.0"
+springboot4 = "4.1.0"
 sqldelight = "2.3.2"
 
 # Android
@@ -52,8 +51,6 @@ minSdk = "21"
 [plugins]
 kotlin-android = { id = "org.jetbrains.kotlin.android", version.ref = "kotlin" }
 kotlin-spring = { id = "org.jetbrains.kotlin.plugin.spring", version.ref = "kotlin" }
-kotlin-spring7 = { id = "org.jetbrains.kotlin.plugin.spring", version.ref = "kotlinSpring7" }
-kotlin-jvm-spring7 = { id = "org.jetbrains.kotlin.jvm", version.ref = "kotlinSpring7" }
 kotlin-jvm = { id = "org.jetbrains.kotlin.jvm", version.ref = "kotlin" }
 kotlin-compose = { id = "org.jetbrains.kotlin.plugin.compose", version.ref = "kotlin" }
 kotlin-multiplatform = { id = "org.jetbrains.kotlin.multiplatform", version.ref = "kotlin" }
@@ -130,7 +127,6 @@ jackson-kotlin = { module = "com.fasterxml.jackson.module:jackson-module-kotlin"
 jetbrains-annotations = { module = "org.jetbrains:annotations", version = "23.0.0" }
 kotlin-bom = { module = "org.jetbrains.kotlin:kotlin-bom", version.ref = "kotlin" }
 kotlin-test-junit = { module = "org.jetbrains.kotlin:kotlin-test-junit", version.ref = "kotlin" }
-kotlin-test-junit-spring7 = { module = "org.jetbrains.kotlin:kotlin-test-junit", version.ref = "kotlinSpring7" }
 kotlinx-coroutines = { module = "org.jetbrains.kotlinx:kotlinx-coroutines-core", version.ref = "coroutines" }
 kotlinx-coroutines-android = { module = "org.jetbrains.kotlinx:kotlinx-coroutines-android", version.ref = "coroutines" }
 ktor-client-core = { module = "io.ktor:ktor-client-core", version.ref = "ktorClient" }