Old English freond "one attached to another by feelings of personal regard and preference," from Proto-Germanic *frijōjands "lover, friend" (source also of Old Norse frændi, Old Danish frynt, Old Frisian friund, Dutch vriend, Middle High German friunt, German Freund, Gothic frijonds "friend"), from PIE *priy-ont-, "loving," present-participle form of root *pri- "to love."
Meaning "a Quaker" (a member of the Society of Friends) is from 1670s. Feond ("fiend," originally "enemy") and freond often were paired alliteratively in Old English; both are masculine agent nouns derived from present participle of verbs, but they are not directly related to one another (see fiend). Related: Friends.
word-forming element meaning "quality, condition; act, power, skill; office, position; relation between," Middle English -schipe, from Old English -sciepe, Anglian -scip "state, condition of being," from Proto-Germanic *-skepi- (cognates: Old Norse -skapr, Danish -skab, Old Frisian -skip, Dutch -schap, German -schaft), from *skap- "to create, ordain, appoint," from PIE root *(s)kep-, forming words meaning "to cut, scrape, hack" (see shape (v.)). It often forms abstracts to go with corresponding concretes (friend/friendship, etc.).
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Harper, D. (n.d.). Etymology of friendship. Online Etymology Dictionary. Retrieved $(datetime), from https://www.etymonline.com/word/friendship