diff --git a/src/diffusers/schedulers/scheduling_unipc_multistep.py b/src/diffusers/schedulers/scheduling_unipc_multistep.py
index 162a34bd2774..f3e871fe7289 100644
--- a/src/diffusers/schedulers/scheduling_unipc_multistep.py
+++ b/src/diffusers/schedulers/scheduling_unipc_multistep.py
@@ -216,6 +216,7 @@ def __init__(
         rescale_betas_zero_snr: bool = False,
         use_dynamic_shifting: bool = False,
         time_shift_type: str = "exponential",
+        shift_terminal: Optional[float] = None,
     ):
         if self.config.use_beta_sigmas and not is_scipy_available():
             raise ImportError("Make sure to install scipy if you want to use beta sigmas.")
@@ -235,6 +236,8 @@ def __init__(
             self.betas = betas_for_alpha_bar(num_train_timesteps)
         else:
             raise NotImplementedError(f"{beta_schedule} is not implemented for {self.__class__}")
+        if shift_terminal is not None and not use_flow_sigmas:
+            raise ValueError("`shift_terminal` is only supported when `use_flow_sigmas=True`.")
 
         if rescale_betas_zero_snr:
             self.betas = rescale_zero_terminal_snr(self.betas)
@@ -303,7 +306,12 @@ def set_begin_index(self, begin_index: int = 0):
         self._begin_index = begin_index
 
     def set_timesteps(
-        self, num_inference_steps: int, device: Union[str, torch.device] = None, mu: Optional[float] = None
+        self,
+        num_inference_steps: Optional[int] = None,
+        device: Union[str, torch.device] = None,
+        mu: Optional[float] = None,
+        sigmas: Optional[List[float]] = None,
+        timesteps: Optional[List[float]] = None,
     ):
         """
         Sets the discrete timesteps used for the diffusion chain (to be run before inference).
@@ -314,10 +322,23 @@ def set_timesteps(
             device (`str` or `torch.device`, *optional*):
                 The device to which the timesteps should be moved to. If `None`, the timesteps are not moved.
         """
+        if self.config.use_dynamic_shifting and mu is None:
+            raise ValueError("`mu` must be passed when `use_dynamic_shifting` is set to be `True`")
+
+        if sigmas is not None or timesteps is not None:
+            if not self.config.use_flow_sigmas:
+                raise ValueError(
+                    "Passing `sigmas` or `timesteps` is only supported when `use_flow_sigmas=True`. "
+                    "Please set `use_flow_sigmas=True` during scheduler initialization."
+                )
+            num_inference_steps = len(sigmas) if sigmas is not None else len(timesteps)
+        if sigmas is not None and timesteps is not None:
+            if len(sigmas) != len(timesteps):
+                raise ValueError("`sigmas` and `timesteps` should have the same length")
+
+        is_timesteps_provided = timesteps is not None
+
         # "linspace", "leading", "trailing" corresponds to annotation of Table 2. of https://huggingface.co/papers/2305.08891
-        if mu is not None:
-            assert self.config.use_dynamic_shifting and self.config.time_shift_type == "exponential"
-            self.config.flow_shift = np.exp(mu)
         if self.config.timestep_spacing == "linspace":
             timesteps = (
                 np.linspace(0, self.config.num_train_timesteps - 1, num_inference_steps + 1)
@@ -342,7 +363,8 @@ def set_timesteps(
                 f"{self.config.timestep_spacing} is not supported. Please make sure to choose one of 'linspace', 'leading' or 'trailing'."
             )
 
-        sigmas = np.array(((1 - self.alphas_cumprod) / self.alphas_cumprod) ** 0.5)
+        if sigmas is None:
+            sigmas = np.array(((1 - self.alphas_cumprod) / self.alphas_cumprod) ** 0.5)
         if self.config.use_karras_sigmas:
             log_sigmas = np.log(sigmas)
             sigmas = np.flip(sigmas).copy()
@@ -386,10 +408,21 @@ def set_timesteps(
                 )
             sigmas = np.concatenate([sigmas, [sigma_last]]).astype(np.float32)
         elif self.config.use_flow_sigmas:
-            alphas = np.linspace(1, 1 / self.config.num_train_timesteps, num_inference_steps + 1)
-            sigmas = 1.0 - alphas
-            sigmas = np.flip(self.config.flow_shift * sigmas / (1 + (self.config.flow_shift - 1) * sigmas))[:-1].copy()
-            timesteps = (sigmas * self.config.num_train_timesteps).copy()
+            if sigmas is None:
+                sigmas = np.linspace(1, 1 / self.config.num_train_timesteps, num_inference_steps + 1)[:-1]
+            if self.config.use_dynamic_shifting:
+                sigmas = self.time_shift(mu, 1.0, sigmas)
+            else:
+                sigmas = self.config.flow_shift * sigmas / (1 + (self.config.flow_shift - 1) * sigmas)
+            if self.config.shift_terminal:
+                sigmas = self.stretch_shift_to_terminal(sigmas)
+            eps = 1e-6
+            if np.fabs(sigmas[0] - 1) < eps:
+                sigmas[0] -= (
+                    eps  # to avoid inf torch.log(alpha_si) in multistep_uni_p_bh_update during first/second update
+                )
+            if not is_timesteps_provided:
+                timesteps = (sigmas * self.config.num_train_timesteps).copy()
             if self.config.final_sigmas_type == "sigma_min":
                 sigma_last = sigmas[-1]
             elif self.config.final_sigmas_type == "zero":
@@ -429,6 +462,43 @@ def set_timesteps(
         self._begin_index = None
         self.sigmas = self.sigmas.to("cpu")  # to avoid too much CPU/GPU communication
 
+    # Copied from diffusers.schedulers.scheduling_flow_match_euler_discrete.FlowMatchEulerDiscreteScheduler.time_shift
+    def time_shift(self, mu: float, sigma: float, t: torch.Tensor):
+        if self.config.time_shift_type == "exponential":
+            return self._time_shift_exponential(mu, sigma, t)
+        elif self.config.time_shift_type == "linear":
+            return self._time_shift_linear(mu, sigma, t)
+
+    # Copied from diffusers.schedulers.scheduling_flow_match_euler_discrete.FlowMatchEulerDiscreteScheduler.stretch_shift_to_terminal
+    def stretch_shift_to_terminal(self, t: torch.Tensor) -> torch.Tensor:
+        r"""
+        Stretches and shifts the timestep schedule to ensure it terminates at the configured `shift_terminal` config
+        value.
+
+        Reference:
+        https://github.com/Lightricks/LTX-Video/blob/a01a171f8fe3d99dce2728d60a73fecf4d4238ae/ltx_video/schedulers/rf.py#L51
+
+        Args:
+            t (`torch.Tensor`):
+                A tensor of timesteps to be stretched and shifted.
+
+        Returns:
+            `torch.Tensor`:
+                A tensor of adjusted timesteps such that the final value equals `self.config.shift_terminal`.
+        """
+        one_minus_z = 1 - t
+        scale_factor = one_minus_z[-1] / (1 - self.config.shift_terminal)
+        stretched_t = 1 - (one_minus_z / scale_factor)
+        return stretched_t
+
+    # Copied from diffusers.schedulers.scheduling_flow_match_euler_discrete.FlowMatchEulerDiscreteScheduler._time_shift_exponential
+    def _time_shift_exponential(self, mu, sigma, t):
+        return math.exp(mu) / (math.exp(mu) + (1 / t - 1) ** sigma)
+
+    # Copied from diffusers.schedulers.scheduling_flow_match_euler_discrete.FlowMatchEulerDiscreteScheduler._time_shift_linear
+    def _time_shift_linear(self, mu, sigma, t):
+        return mu / (mu + (1 / t - 1) ** sigma)
+
     # Copied from diffusers.schedulers.scheduling_ddpm.DDPMScheduler._threshold_sample
     def _threshold_sample(self, sample: torch.Tensor) -> torch.Tensor:
         """