Embodiments of the present disclosure relate to the field of communications technologies, and disclose an antenna system and a mobile terminal. The antenna system is applied to the mobile terminal. The mobile terminal includes a metal frame and a metal middle frame accommodated in the metal frame and connected to the metal frame, and the antenna system includes at least one antenna group formed on the metal middle frame and the metal frame, and each antenna group includes a first antenna and a second antenna away from each other, where the first antenna and the second antenna are spaced away from each other along a circumferential direction of the metal frame. In the present disclosure, at least one antenna group is added to the terminal based on the original structure, ensuring that the terminal can satisfy a multi-band working requirement and a data transmission requirement.