Bus Terminal 2 is intercity terminal. Bus Terminal 1 is mostly for local lines.

Regular buses to Elbrus area, Mineral Vody region and Chegem Valley go from Bus Terminal 2. However sometimes semi-regular minibuses go from Terminal 1 as well. 

Estimated walking time:
From Railway Terminal to Bus Terminal 1:  5-10 minutes.
From Bus Terminal 2 to Airport:  15-20 minutes.
From Railway Terminal to Hostel Alpinist: 20-30.

People going to Bezingi valley can overnight in Hotel Alpinist (a kind of hostel). Bezingi mountaineering camp cars goes from there, so this is the possibility to get cheap shared transfer. In Kabalkalpinist (company) you can ask for some services such as help with overnight or border zone permit or a car to a distant area. 

Addresses:
'Kabalkalpinist' -  Tchaikovskogo, 8
Border Guard - Kabardinskaya, 192