Citi Raises 12-Month Bitcoin Target to $113,000 and Ethereum to $3,028
The U.S. multinational investment bank attributed the revised targets to strong on-chain velocity, a supportive macroeconomic environment following the release of low inflation figures, and accelerating institutional accumulation.
Citi Raises Bitcoin and Ethereum Targets
Under the updated outlook reported by BSCN, Citi’s 12-month target for Bitcoin stands at $113,000, while its target for Ethereum is $3,028.
The revised figures represent the bank’s latest institutional price targets for the two largest cryptocurrencies by market presence. BSCN characterized the changes as part of Citi’s broader adjustment to its 12-month outlook.
The source did not provide the bank’s previous Bitcoin or Ethereum targets, meaning the size of the revisions cannot be determined from the information provided.
Macro Conditions and Institutional Accumulation
Citi’s rationale for the updated targets includes several factors tied to blockchain activity and broader financial conditions.
BSCN reported that the bank cited strong on-chain velocity, indicating increased movement of assets across blockchain networks, alongside a supportive macro environment following the release of low inflation numbers.
Citi also pointed to accelerating institutional accumulation as another factor behind its revised outlook. The source did not provide a specific figure for the rate of institutional accumulation or identify individual institutions involved in the activity.
The combination of on-chain activity, inflation data and institutional demand forms the basis for the targets cited in the report. BSCN did not provide additional details on Citi’s underlying methodology or assumptions for the price forecasts.
Citi Expects $5 Billion in ETF Inflows
Citi also expects regulated spot cryptocurrency exchange-traded funds to attract another $5 billion in net inflows over the next 12 months, according to BSCN.
The forecast refers to additional net capital entering regulated spot ETFs during the period. The source did not specify how the projected $5 billion would be distributed between Bitcoin and Ethereum products or provide a breakdown by individual ETF.
Citi’s 12-month outlook therefore combines its revised cryptocurrency price targets with an expectation of continued institutional flows through regulated investment products.
The bank’s reported targets are $113,000 for Bitcoin and $3,028 for Ethereum, while its ETF forecast calls for another $5 billion in net inflows over the next year.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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