The punishment may include banning orders with discussions between City, Walsall Football Club and West Midlands, and West Yorkshire Police ongoing.
This comes after the Bantams were issued with a formal warning by the Football Association as a result of incidents which took place, at the Crown Oil Arena, where City defeated Rochdale - in December.
City ambassador Roger Owen, who has led the club's recent investigations into crowd trouble, released a statement via Bradford's official website, he said; "We [Bradford CIty] narrowly avoided significant action from The FA following incidents including the use of flares and smoke bombs, and missiles being thrown, at Rochdale.
"We escaped a fine and further action due to the way in which the situation had been dealt with. The club has a zero-tolerance policy in terms of how our supporters conduct themselves and we will not allow the Bradford City name to be tarnished by the unacceptable actions of mindless individuals.
"This is another reminder to those who choose to involve themselves in such acts. The police have spoken to the organisers of travelling supporters’ groups and their respective bus operators, making the consequences of future misbehaviour perfectly clear."
The Bantams’ investigation continues and officials anticipate a conclusion within the next seven days. In the meantime, the club is working on its response to The FA concerning issues from the Walsall fixture.