Citi Raises 12-Month Bitcoin Target to $113,000 and Ether to $3,028

Citi raises its 12-month Bitcoin target to $113,000 and Ether target to $3,028, citing renewed ETF inflows and improving

Citigroup has raised its 12-month price targets for Bitcoin and Ether, citing stronger cryptocurrency market activity, a more favorable macroeconomic environment and renewed inflows into exchange-traded funds, according to by Wu Blockchain Reuters.

Citi lifted its Bitcoin forecast to $113,000 from $82,000 and increased its Ether target to $3,028 from $2,240. The bank is also projecting approximately $5 billion in net crypto ETF inflows over the coming 12 months as demand for digital assets resumes.

ETF Inflows Support Higher Crypto Forecasts

Citi's revised outlook comes after a period in which ETF demand had weakened. The bank now expects inflows to return as advisers and brokerages gradually increase allocations to Bitcoin and other crypto assets.

The projected $5 billion in net inflows represents one of the main factors behind the higher 12-month targets. Citi's latest forecasts therefore reflect both market activity and the bank's assessment of renewed demand through regulated investment products.

The revisions also follow a recovery in Bitcoin and Ether prices. According to the information reported by Wu Blockchain citing Reuters, Bitcoin and Ether have rebounded nearly 40% and 68%, respectively, over the past three months.

Regulatory Setback Did Not End Market Recovery

Citi also addressed the U.S. regulatory backdrop. The bank noted that the Senate's failure last week to advance the CLARITY Act narrowed the legislative path toward a comprehensive market-structure framework for digital assets.

The setback was followed by regulatory developments from the U.S. Securities and Exchange Commission that Citi viewed as helping to limit negative market sentiment. The combination of legislative uncertainty and subsequent regulatory clarification has become part of the bank's assessment of the crypto market environment.

The Senate's failure to advance the legislation did not prevent the broader cryptocurrency market from recovering, with Citi pointing to other developments supporting its revised outlook.

Treasury Buybacks and Dollar Weakness

Citi also linked the recent recovery in digital assets to U.S. Treasury buybacks of longer-dated bonds. The bank said the buybacks weakened the dollar and helped rekindle upward momentum across digital assets.

The macroeconomic backdrop is therefore another component of Citi's revised forecasts, alongside stronger crypto activity and the resumption of ETF inflows.

Citi's new projections put Bitcoin at $113,000 over the next 12 months and Ether at $3,028. The bank's outlook will depend in part on whether the expected ETF inflows materialize and whether the broader regulatory and macroeconomic conditions cited in its assessment persist.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.